Trump's tax advisors: Larry Kudlow and The Heritage Foundation.
Among their most notable revenue-generating recommendations is raising the top tax bracket higher from the 25 percent that Trump had originally proposed to 28 percent, according to Kudlow. That would still represent a substantial tax cut for the richest Americans.
Kudlow also said that the threshold for paying no income taxes could “be lowered a bit” — Trump would take 33 million low-income Americans off the rolls entirely — from the original proposed $50,000 level for married couples. He did not specify the new threshold.
In his initial rollout, Trump had promised that millions of households no longer paying taxes were going to get a one-page form to send to the Internal Revenue Service simply saying, “I win.”
Not every change Kudlow and Moore are drafting would result in more revenue. Kudlow said they were also suggesting that Trump keep the capital gains tax rate at 15 percent across all income levels; Trump’s original plan had that rate at 20 percent for those earning more than $150,000.
Read more: http://www.politico.com/story/2016/05/donald-trump-taxes-tax-reform-223041#ixzz48LtgWeJ6
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