Politics

Treasury's Mnuchin and White House's Cohn talk Trump tax plan

Treasury Secretary Steven Mnuchin and White House chief economic advisor Gary Cohn outlined President Donald Trump's tax plan Wednesday afternoon.

At a White House briefing, the pair talked about the proposal that Mnuchin contended would be the "biggest tax cut" in U.S. history.

Some of the highlights included:

  • Reducing the top tax bracket to 35 percent
  • Doubling the standard deduction
  • Lowering the business tax rate to 15 percent
  • Repealing the AMT

Read more about the full plan here: The White House just outlined its tax plan. Here's what's in it

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