On Monday, Donald Trump released his tax plan—for the most part, a classic supply-side approach that would simplify the number of tax brackets and cut the corporate rate to 15 percent. Like other Republican tax plans, Trump vows to bring in additional revenue by putting a cap on the amount wealthy people can deduct on their tax returns.
But Trump makes one promise that sets his plan apart: It will be deficit-neutral. In other words, it would pay for itself, and all those tax cuts wouldn’t make the federal deficit worse.
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