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The government will slash tax breaks for private health insurance, pension contributions and other forms of middle-class welfare.
But the law will slash tax rates for new investments and allow foreigners into new sectors of the economy.
Trump has previously pledged to greatly increase infrastructure spending and slash tax rates, all while maintaining current entitlement spending.
And they have extreme plans to double the pace of spending cuts next year which will see them slash tax credits for working families.
He would slash tax rates for all, his campaign Web site promises, while preserving "deductions for charitable giving, home mortgage interest, health care, retirement savings and children".
It's not as if there aren't any number of measures that would plug the loopholes and slash tax avoidance and evasion.
Similar(38)
Policies To slash taxes and state-funded healthcare programmes.
Both would slash taxes on multimillion-dollar estates.
Libertarianism is all rightwing id – slash taxes, stress personal responsibility, buy more guns.
We slash taxes to boost inward investment, but we can't cut spending any more.
The laws may lift restrictions on polluters or slash taxes, two Koch-friendly initiatives.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com