On September 27 President of the United States Donald Trump spoke at the Indiana State Fair about his new tax plan, featuring three instead of seven tax brackets and an elimination of some taxes, he did not mention how much it would cost the government. Many taxes would be lowered especially for businesses and most inheritance taxes would end. Federal estate taxes would also end. Democratic leaders say that the plan would benefit the upper class too much while barely affecting lower and middle class people and that it would be very good for Trump’s private businesses and customers. The current tax brackets are: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6% and the new ones would be: 12%, 25%, 35%.
The Life and Times of the Karman Krew
