re: #78 Jenner7

Isn’t the current rate 39%?? I thought he said he would raise taxes on the rich?

He’s getting rid of some unnamed exemptions and dedctions:

With this huge reduction in rates, many of the current exemptions and deductions will become unnecessary or redundant. Those within the 10% bracket will keep all or most of their current deductions. Those within the 20% bracket will keep more than half of their current deductions. Those within the 25% bracket will keep fewer deductions. Charitable giving and mortgage interest deductions will remain unchanged for all taxpayers.