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This week, President Donald Trump released an outline of his administration's plan to change the federal tax code. The plan proposes cutting the number of tax brackets on the tax code from seven to three, cuts the corporate tax rate from 35 percent to 15 percent, and repeals the 3.8 percent investment surtax from the Affordable Care Act. It also would eliminate the estate tax, the alternative minimum tax, and tax deductions for individuals other than mortgage and charitable deductions. The White House said the plan will pay for itself with economic growth, but the Committee for a Responsible Budget said it could end up costing between $3 trillion and $7 trillion over a decade.
What do you think of the president's tax plan?
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