Trump’s tax cuts would cost $7.8 trillion and go mostly to wealthy
About 40% of the tax cut would go to the top 1% of earners, who'd see an average after-tax gain of 17.8%, new study says.
President Donald J. Trump's proposed tax cuts would lower federal revenue by $7.8 trillion over a decade and mostly benefit the highest earners, according to a new study released Wednesday by the nonpartisan Tax Policy Center.
About 40 percent of the tax cut would go to the top 1 percent of earne
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