And now, it’s time for the Trump tax plan. A miracle for the middle class, the president said in Indianapolis yesterday. He’s selling hard. But there are knowns and unknowns here. Known: upper-income households would get large tax cuts. Known: lower-income households would get none. Unknown: how exactly the middle class would make out. Or the effect on the deficit. The effect on the economy and the country’s future. This hour, On Point: Sizing up the Republican tax framework. — Tom Ashbrook.
Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy.