The Trump administration released the outline of its tax reform plan at Wednesday’s White House press briefing.
![Steve Mnuchin, Gary Cohn (Getty Images)](https://dailycaller.com/wp-content/uploads/2017/04/GettyImages-673416762.jpg)
Steve Mnuchin, Gary Cohn (Getty Images)
Gary Cohn, President Trump’s chief economic advisor, told reporters the plan will reduce the number of tax brackets to three… (RELATED: Here’s What We Know About Trump’s Plan To Cut Taxes)
The tax reform plan reduces the number of tax brackets from seven to three — 10%, 25%, and 35% — and doubles deduction standard.
— Kaitlan Collins (@kaitlancollins) April 26, 2017
Gary Cohn: “We’re going to double the standard deduction so a married couple will not pay any taxes on the first $24,000 they earn”
— Gabby Morrongiello (@gabriellahope_) April 26, 2017
… and naturally, folks had some things to say about that.
Americans should stop seeing the tax code as a method through which certain behaviors can be induced. It’d be a radical paradigm shift.
— Noah Rothman (@NoahCRothman) April 26, 2017
So the tax plan today is basically, “Really, we’re going to do something. See, here’s a page that says we’re going to do something.” ???
— Ginger Gibson (@GingerGibson) April 26, 2017
A Tax Plan Without A Plan
— Steve Kovach (@stevekovach) April 26, 2017
We know Trump will benefit greatly from this tax plan–we need to see his tax returns to know exactly how much. https://t.co/cbrbKCGABU
— Adam Smith (@asmith83) April 26, 2017
Well they really walked into the tax return questions, didn’t they?
— Lizzie O’Leary (@lizzieohreally) April 26, 2017
VERY telling that they know what the tax breaks will be for rich folks but couldn’t answer what it would mean for the middle class.
— yvette nicole brown (@YNB) April 26, 2017
man, april sure is a mixed bag of days. You’ve got garbage like april fools and tax day, but then Alien day and Rex Manning day.
— Bo Moore (@usebomswisely) April 26, 2017
Trump tax “reform” plan would hurt middle class families from New York State as it would prevent us from deducting state and local taxes.
— Joseph Amodeo (@josephamodeo) April 26, 2017
@jimtankersley Who knew reforming the tax system of an $18 trillion economy could be so hard?
— Timothy Aeppel (@TimAeppel) April 26, 2017
Reminder for all the talk about how the Trump tax plan affects families: half of Americans are single.
— Dan Bobkoff (@danbobkoff) April 26, 2017
“It’ll be a tax cut… It’ll be a tax cut.”
— Sang Lucci™ (@sanglucci) April 26, 2017
Tax cut for the richest. I don’t understand this. https://t.co/jKdtMC6f4A
— Adrija Bose (@adrijabose) April 26, 2017
I mean… even the tax plan that @realDonaldTrump released as a candidate was four pages! https://t.co/Ktlo4LKGro https://t.co/S99WChdtES
— Alex Mallin (@alex_mallin) April 26, 2017
Odds Trump actually read his own tax plan? #trump
— Mitchell Fink (@themitchellfink) April 26, 2017
What did @POTUS give @FLOTUS for her birthday? A TAX CUT! https://t.co/JUBkHqh4yA
— Mike Opelka (@stuntbrain) April 26, 2017
One thing that’s clear: Democrats will easily be able to say no to this tax plan. McConnell says they’re planning to go GOP-only route.
— Benjy Sarlin (@BenjySarlin) April 26, 2017
This is not a legitimate Tax plan. It wouldn’t even be a good Twitter thread. https://t.co/kw6AWSkgJV
— Mikel Jollett (@Mikel_Jollett) April 26, 2017
I predict the tax plan will benefit rich people.
I accept Paypal donations for my predictions.
— Alan Farley (@msttrader) April 26, 2017
We failed to repeal and replace Obamacare so we’re going to try something a bit easier: overhauling the tax system.
— Anthony De Rosa (@Anthony) April 26, 2017
To think, it was just two days ago The Daily Caller assured us that the voting public in the West didn’t care about tax code reform.
— Noah Rothman (@NoahCRothman) April 26, 2017
Trump’s had a productive 24 hours: Threatening to kill insurance subsidies for 7 million low-income people AND promising corporate tax cuts.
— Ned Resnikoff (@resnikoff) April 26, 2017
Mnuchin and Cohn, both ex Goldman Sachs bankers, are the public faces of the Trump tax cuts today. But apparently he’s a populist president. https://t.co/nw1B3VR2yh
— Mehdi Hasan (@mehdirhasan) April 26, 2017
White House one-pager doesn’t include anything on capital gains/dividends tax rate.
— Joseph Lawler (@josephlawler) April 26, 2017
getting a deduction for paying interest on my student loans is one of my only joys every tax season
— Sarah Jones (@onesarahjones) April 26, 2017
@KevinMKruse There is no tax plan.
— Binyamin Appelbaum (@BCAppelbaum) April 26, 2017
Relax! This tax plan was written by billionaires who got rich raping us in the housing crises so they’ve totes got our best interests at!
— Danny Zuker (@DannyZuker) April 26, 2017
Weird Ivanka’s fundraising in Middle East, while in WH, for a her foundation when her dad’s tax cut means billions in savings for her family
— Adam Blickstein (@AdamBlickstein) April 26, 2017
to state the obvious, eliminating the estate tax would be a big windfall for Ivanka, Sonny, Fredo, and Barron (maybe also Tiffany)
— Simon Maloy (@SimonMaloy) April 26, 2017
That tax plan closely resembles my plan to run a marathon someday.
— Binyamin Appelbaum (@BCAppelbaum) April 26, 2017