Trumps Tax Plan Explained. Here's how the new tax brackets, standard deduction, and other changes affect you. A high-level overview of the key provisions of the Republican tax reform Framework.
Would this make America great again?
NOW WATCH: Here's how to figure out exactly how your take-home pay could change under Trump's new tax plan.
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Joe Biden's plan to raise taxes on corporations and the rich, explained
There are lots of tax cuts spelled out. Trump's tax plan originally called for cutting the number of tax brackets in the federal income tax system from seven to four, but the final version of. Experts' opinions differ. "It's more generous and a little clearer under the proposed plan.