NPR

Republicans To Unveil 'Middle Class' Tax Cut; Democrats See Windfall For The Rich

After months of private negotiation, President Trump and GOP congressional leaders are set to reveal the outline of their tax plan. It calls for cuts in both individual and corporate tax rates.
House Speaker Paul Ryan (center) answers questions during a Tuesday news conference on Capitol Hill. Also pictured are Rep. Cathy McMorris Rodgers, R-Wash., and Rep. Kevin McCarthy, R-Calif. / Win McNamee / Getty Images

President Trump and GOP congressional leaders outline their plan to overhaul the federal tax code Wednesday. They're proposing deep cuts to both individual and corporate tax rates, saying that will help to supercharge a slow-growing economy.

"If we do this, we will create millions of new jobs for our people, and bring many, many businesses back to our shores," Trump said Tuesday, describing the proposed overhaul as "massive tax cuts that our

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