What’s In Trump’s And Republicans’ Tax Reform Plan

Trump administration officials and congressional Republican leaders are negotiating the terms of a tax reform bill. While they have not introduced legislation or a detailed plan, here’s what we know about their goals and possible intentions from what they have said so far, including their joint statement.

The GOP vision tax reform consists of two parts: The first is lowering tax rates and eliminating taxes. That leads to lower tax revenue. The second part is eliminating tax breaks, which raises revenue.

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