Rich would benefit most from Trump tax cut plan: policy group

WASHINGTON (Reuters) – The wealthiest Americans would benefit the most from President Donald Trump’s proposed tax cuts while many upper middle-income people would face higher taxes, independent experts said on Friday in the first detailed analysis of the plan.

A U.S. Senate panel took Trump’s proposal, announced on Wednesday, a step forward by unveiling a budget plan for the coming fiscal year that acknowledges lost revenues from tax cuts, while Trump pressed ahead with selling the plan to the public.

Source: Rich would benefit most from Trump tax cut plan: policy group

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