This afternoon and with his usual braggadocio, Donald Trump announced what he called a once-in-a-lifetime opportunity to lower taxes on the middle class.
Also this afternoon, Republican leaders proposed slashing tax rates for the
wealthy and businesses while preserving popular tax
deductions that encourage buying homes and giving to charity. But the document outlining their proposal, called Unified Framework for Fixing Our Broken Tax Code,
leaves important questions unanswered. For instance, nowhere does the document identify the tax breaks
they say will be done away with in order to offset the trillions of dollars in
revenue lost by cutting tax rates.
IMHO the question then becomes cuts for the middle class, or for the 1%?
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