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...
13:47 Trump’s new Treasury, Commerce nominees say no ‘absolute’ tax cut for the wealthy, predict faster economic growth11
05:30 Donald Trump Muslim Plan: What San Bernardino Terror Attack Survivors Say About His Registry, Travel Ban Proposal11
14:45 Spain raises taxes to try to meet EU deficit target12
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent13