President Donald Trump is working to get the largest tax cut in American history passed by the end of the year.
And while some in Congress say the president should get the credit, the president’s team says it’s a myth.
A review of White House and Treasury documents shows the administration is not using a credit for the largest single tax cut since World War II.
Instead, the plan is focused on helping Americans make the most of the tax cuts that were enacted in 2018 and 2019.
The president’s tax plan has a number of major changes to the tax code.
It includes $1.5 trillion in tax cuts for the wealthiest Americans and businesses.
It also includes $3 trillion in additional tax relief for lower- and middle-income households.
It reduces corporate tax rates, and it would allow Americans to deduct interest paid on loans.
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