Trump scales back his tax proposal

September 15, 2016 9:58 PM

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Trump scales back his tax proposal

NEW YORK — Donald Trump unveiled a scaled back tax plan on Thursday, which is projected to add less to the federal debt but also to deliver fewer benefits to taxpayers than his original proposal.

The plan dramatically reduces the size of tax cuts for high earners and the middle class, compared with earlier Trump proposals, though it includes even more benefits for the lowest earners in the country, according to independent analysts at the Tax Foundation. It also scraps a business tax provisi...

Also read: Trump’s Treasury Choice Says ‘No Absolute Tax Cut’ for the Wealthy

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