WASHINGTON ― President Donald Trump plans to unveil Wednesday what the White House is calling a “middle-class” tax cut but which at this point cuts taxes only for business owners and the wealthy. Shareholders of corporations would enjoy a rate cut from the current maximum of 35 percent down to 20 percent, according to a White House briefing Tuesday. “This package is completely designed with the middle class in mind,” one of the officials said. “Tax relief in this package is focused on middle-class families.”The details of how that would happen, though, is left to the House and Senate tax committees. Still, how much and even whether this would provide an overall tax reduction for a family of four is unclear.

Source: Huffington Post September 27, 2017 15:00 UTC