What you need to know about a new tax plan that would raise $1 trillion and give the rich more money
The Trump administration has released a proposal that would make taxes on the rich easier for everyone.
The new plan would reduce the top tax rate to 25 percent, which is the same as the current top rate, from 39.6 percent.
It would also give people who make more than $1 million a $1,000 tax cut, giving them an average of $1.2 million a year, according to the nonpartisan Tax Policy Center.
The plan would also expand the Earned Income Tax Credit, which would give people more money if they earn between $20,000 and $250,000 a year.
The credit would be extended to families with children, which means that people who already earn more than that would receive more help from the credit.
Under the plan, people would be able to file a joint return for the first time, which will help people with low incomes.
They also will be able pay no income tax on any income they earn and can claim the credit for the entire tax year, not just the first few months of their filing.
The Trump administration’s plan will be the biggest tax overhaul in decades and would take aim at the tax code that President Donald Trump promised to end, calling it the “tax code that benefits the rich.”
Trump and his allies have been attacking the Affordable Care Act, a landmark law that has helped millions of Americans get health insurance.
The plan is expected to increase premiums for people with preexisting conditions, and also could mean more out-of-pocket costs for those who rely on public health care.
Trump has repeatedly criticized the Affordable Health Care Act and has repeatedly called for a new plan, saying it would “take money from the poor and give it to the rich,” and that it was a “tax scam.”