Oct 1, 2017

Trump's two "red lines" on taxes

White House budget director Mick Mulvaney told CNN's Jake Tapper that President Trump has two "red lines" in his tax reform plan, which critics say will primarily benefit the wealthy:

  1. The middle class "will pay less and it will be easier for them to pay ... One of the things that's been lost in this debate is 90% of American families, not businesses, but families, pay someone else to do their taxes."
  2. "That corporate rate has got to come down. The corporate rate has to be, I think right now number is 20% ... That's the change that encourages businesses to come back from overseas.

Go deeper: Winners and losers from the GOP tax plan.

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