Trump Administration Proposes 'Massive' Tax Overhaul And Tax Cut Plan
The details of the measure will be worked out in talks with Congress; the effect on the deficit is unknown.
Updated at 4:12 p.m. ET
The Trump administration Wednesday put forth a proposal that it labeled a "massive" tax overhaul, which would give big tax cuts to individuals and corporations and reduce the number of tax brackets and deductions.
Outlined at a White House press briefing by Treasury Secretary Steven Mnuchin and Gary Cohn,
