July 20, 2017

Law 360: Wealthy Benefit More Under $5T Trump Tax Plan

media mention

The  Institute on Taxation and Economic Policy on Thursday projected a minimum $4.8 trillion federal revenue reduction over a 10-year period under President Donald Trump’s tax plan that the nonprofit said would give more than three-fifths of all tax cuts to the wealthiest 1 percent of Americans.

Based on the broad outlines of the Trump administration’s so-far skimpy proposals that include slashing the corporate tax rate from 35 percent to 15 percent, cutting out most deductions and winnowing individual tax brackets from seven to three … Read more



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