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Trump Plan Would Cut Taxes For Companies -- And People, Too

Treasury Secretary Steven Mnuchin, right, and National Economic Director Gary Cohn, arrive in the briefing room of the White House in Washington, Wednesday, April 26, 2017. (Carolyn Kaster/AP Photo)
Treasury Secretary Steven Mnuchin, right, and National Economic Director Gary Cohn, arrive in the briefing room of the White House in Washington, Wednesday, April 26, 2017. (Carolyn Kaster/AP Photo)

President Trump proposed dramatic cuts in corporate and personal taxes Wednesday in an overhaul his administration asserts will spur national economic growth and bring jobs and prosperity to America’s middle class. But his ambitious plan is alarming lawmakers who worry it will balloon federal deficits.

NPR economics correspondent John Ydstie ( @jey51) joins Here & Now‘s Robin Young to go over the details.

With reporting from The Associated Press

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