<p>Trump Tax Plan Would Reduce Revenue by $7.8 Trillion, TPC Says</p>

Trump Tax Plan Would Reduce Revenue by $7.8 Trillion, TPC Says

Urban-Brookings Tax Policy Center

President Trump’s tax reform plan would reduce federal revenue by $7.8 trillion over the next 10 years, though possible tax increases could lower the revenue loss to $3.5 trillion, and the majority of the benefits provided in the plan would go to the highest-income households, according to a July 12 Urban-Brookings Tax Policy Center report.

<p>President Trump’s tax reform plan would reduce federal revenue by $7.8 trillion over the next 10 years, though possible tax increases could lower the revenue loss to $3.5 trillion, and the majority of the benefits provided in the plan would go to the highest-income households, according to a July 12 Urban-Brookings Tax Policy Center report.</p>