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Senate Democrats Slam Trump Tax Proposal

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Democrats on Wednesday slammed President Donald Trump's tax reform plan, calling it "morally repugnant," suggesting there would be little to no cross aisle support for the initial outline of the plan. President Donald Trump's plan would reduce the number of personal income tax brackets and overhaul business taxes, lower the corporate tax rate from 35% to 20%, among other cuts. Democratic leaders immediately condemned the bill, casting it as a proposed tax break that would largely benefit the wealthy. Senate Minority Leader Chuck Schumer decried the proposal in a speech on the Senate floor, saying Republicans "designed their tax plan to be cheered in country clubs and corporate board rooms." Sen. Bernie Sanders argued that the plan would exacerbate income inequality, singling out its proposal to repeal the estate tax, noting that the top 10% of earners pay 90% of estate taxes. http://www.businessinsider.com/trump-... http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com

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