“We will be attacked from the left and we will be attacked from the right, but one thing is certain, I would never ever bet against this president. He will get this done for the American people.
~ Gary Cohn
Director of the President’s National Economic Council
"The proposal he outlined would eliminate every tax deduction except
those that are most popular among middle-class families — those for home
mortgage interest, charitable giving and retirement savings.
It would reduce the number of tax brackets from the current seven to
three, lowering the top tax rate from 39.6 percent to 35 percent. The
other two new brackets would have a 25 percent and 10 percent rate."