President Trump's tax plan greatly lower rates for individuals and businesses. [Six ways Trump’s tax plan could affect ordinary taxpayers]1. A bigger tax cut for the middle classDuring the campaign, President Trump proposed massive tax relief for the wealthy. Wednesday’s document states that child care will be part of Trump’s plan but offers no further details. The success of Trump’s plan could depend on how successful his aides and Republican staff on the Hill are in avoiding a major loophole that could be created by his plan.

Source: Washington Post April 26, 2017 18:07 UTC