President Donald Trump keeps telling voters that he stands to pay more under the Republican tax legislation. ———LOWER TAX ON BUSINESS PROFITSAt least temporarily, the Senate bill would slash the tax paid by companies with profits that double as the owner's personal income. ———LOWER INCOME TAX RATESInstead of paying a top rate of 39.6 percent on his personal income, Trump would be charged at 38.5 percent in the Senate bill. ———ESTATE TAXESThe House bill would permanently repeal the estate tax charged to wealthy heirs. The Trump administration has portrayed the easing of the estate tax as necessary to protect family farms.

Source: ABC News December 01, 2017 19:51 UTC