WASHINGTON -- President Donald Trump and Republican leaders today will detail a tax reform plan that repeals a $1. Wednesday, President Trump and Republican lawmakers released the clearest picture yet of their tax reform plan. While the plan still leaves . Trump proposes the biggest tax hike in years. The White House released principles and a framework for tax reform today. Under the the Trump tax law, percent of the benefits went to the richest percent in the state and capped the deduction for state and local . The Trump administration has revealed a one-page tax plan that, if implemente could have vast consequences for the economy of the United . At a tax briefing on April 2 the Trump administration moved forward with their proposed plan to simplify the tax code and cut tax rates across the board.
They plan to abolish the estate tax and allow tax loopholes for billionaires to continue. It is a self-defeating combination of fairly high tax rates and generous exemptions that mean little money is .
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