Analyst: Trump Tax Plan Benefits Skew Toward the Wealthy

May 05, 2017 01:27 AM
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Small-business owners are applauding President Donald Trump's plan to overhaul the tax system, saying lower taxes for everyone means more buying power for consumers and more money for businesses to hire workers. But can the White House plan simplify the nation's cumbersome tax code fairly? And how would lower- and middle-income Americans fare? Mil Arcega spoke to tax analysts to find out.