Trump tax cuts would benefit the richest: study

Republican presidential nominee Donald Trump speaks during a rally at Mohegan Sun Arena in Wilkes-Barre, Pennsylvania on October 10, 2016The tax cuts promised by US Republican presidential candidate Donald Trump would benefit the most well-off Americans, according to independent research published Tuesday. Meanwhile the tax proposals of his Democratic rival Hillary Clinton could hit the wealthy harder but possibly discourage investment, the research by the Tax Policy Center said. In two reports analyzing the candidates’ taxation proposals, the TPC described Clinton’s plan as more broadly fair and having a positive impact on the US budget while Trump’s would push up the government deficit.

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