Stories

Alayna Treene Apr 26, 2017
SaveSave story

Trump's tax plan goes public

Carolyn Kaster / AP

Treasury Secretary Steven Mnuchin and National Economic Director Gary Cohn unveiled Trump's new tax plan at the White House today. The plan cuts the top income tax rate from 39.6 to 35 percent, lowers the business rate to 15%, doubles the standard deduction, cuts the top capital gains rate and repeals the inheritance tax. The plan will also eliminate all individual tax deductions, except mortgage interest and charitable donations. Other takeaways: