Politics

Five highlights from President Trump's tax plan

The Trump Administration today released the basic framework of President Trump’s tax reform plan, which would make dramatic changes in the federal tax code for both individuals and businesses, as top officials urged Congress to act swiftly on what would be the biggest reform of the tax code since a plan approved by President Reagan over thirty years ago.

What would some of those changes look like?

1. Larger standard deduction and fewer tax brackets. For many Americans, the most immediate impact of the Trump tax plan would be a larger standard deduction, which would shield more of your income from federal