Trump on Tax Plan: It Will Be the ‘Largest Tax Cut in the History of the Country’

EXCERPT:

TRUMP: "We're here to discuss our plan to deliver historic tax cuts for American families, businesses, workers. It will be the largest tax cut in the history of our country. Here's some of the highlights from our framework. We are doubling the amount of income that is taxed at the zero bracket. In other words, the zero bracket -- many people will be able to take advantage of that bracket that are not in that bracket. We're increasing the child tax credit. We will end the estate tax, sometimes referred to as the death tax. We will cut the business tax rate from the highest in the developed world at 35 percent to no more than 20 percent. According to the Council of Economic Advisers, reducing the corporate tax rate from 35 to 20 percent would increase average household income by $4,000 a year. So each household, on average, would take in $4,000, and they'll go out and they'll spend that money and that will be great for the economy."