BREAKING: How President Trump's tax plan affects you, and what we still don't know about it

Having trouble viewing this email? | View it in your browser   Working poor people could owe no income tax, filing a return could get much simpler, and there would even be a new credit for caring for elderly relatives under a tax "framework" being proposed Wednesday by President Trump and Republican leaders in Congress. The plan cuts the top corporate tax rate dramatically and creates a new top rate for small businesses that is lower than the top rate for individuals. It also eliminates two taxes paid entirely by the rich, while taking away a deduction for state and local taxes that is used most heavily in some of the most wealthy, and Democrat-dominated, states. Here's a look at who benefits and loses under the plan and what still needs to be worked out, based on a plan distributed to House Republicans at a retreat away from Capitol Hill on Wednesday morning. FOR MORE ON THIS STORY, GO TO:   USATODAY.COM       You are currently subscribed to this newsletter with the address: bgshopwithus13.gossippage@blogger.com. To UNSUBSCRIBE please click here.     Manage Subscriptions | Help | Advertise | Home Delivery | Privacy Policy - Your California Privacy Rights     © 2017 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22108