Trump Could Get a $23 Million Tax Cut Under the GOP’s Plan, Study Says
- Slashing pass-through rate seen as boon for Trump, DeVos
- Repealing estate tax could hand Trump cabinet $3.5 billion
Trump Says Tax Plan Gives Most Households a $4,000 Raise
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President Donald Trump’s tax framework could save him and members of his cabinet tens of billions of dollars in taxes collectively, according to a report from a left-leaning policy organization released by Senate Democrats.
The White House and GOP leaders’ tax plan unveiled last month calls for ending the estate tax and slashing the tax rate for pass-through businesses. Those two provisions could cut taxes for Trump and members of his cabinet including Secretary of Education Betsy DeVos and senior adviser Jared Kushner, the study says.