US Politics in Trump era
Publisher: CNBC
Author: Dylan Matthews
27 Apr 2017
Trump has a plan to change the tax code to make himself much, much richer
President Trump is planning to include a massive cut in the top tax rate on "pass-through" companies, from its current level of 39.6 percent to a mere 15 percent, the Wall Street Journal's Michael Bender and Richard Rubin report. This will be sold as a boost for small businesses, and it is, but it is mostly a huge giveaway to the rich — including the president himself.