It will weaken the economy for years—reducing demand, widening inequality and increasing the national debt by at least $1.5 trillion over a decade.
Search Results: gop tax plan
Prominent progressives including Sen. Bernie Sanders and writer Naomi Klein issue warnings against the Trump-supported overhaul as it appears to move toward a final vote.
Democrats say the measure would disproportionately help the wealthy and mean tax increases for millions.
Selling the Trump-Republican proposal should be awkward for an administration that has made patriotism its central theme.
The plan would lower most Americans' personal taxes but limit a cherished deduction for homeowners.
The Massachusetts and Vermont senators say the Republican proposals would primarily reward large corporations and the wealthy.
The president and congressional Republicans are proposing a $5 trillion plan that would reduce taxes for corporations and nearly double the standard deduction of most taxpayers.
All that conservatives have come up with is a bunch of platitudes about how nice it would be to cut taxes, simplify the tax code and spur economic growth.
The proposed American Health Care Act abandons many of President Trump's campaign commitments while unraveling key aspects of the existing law.