Mitch Daniels

Fact check: Smoke and mirrors in Trump tax plan

Fact check: Smoke and mirrors in Trump tax plan

Nothing brings out smoke and mirrors like a tax overhaul plan, especially one as incomplete as President Donald Trump's.

A look at some of the claims emerging from the debate sparked by the plan released Wednesday:

Trump: "I think there's very little benefit for people of wealth." — to reporters Wednesday

The facts: Actually there's a clear and substantial benefit for people of super wealth: the proposal to eliminate the estate tax. Under current law, the first $11 million of an estate is exempt for a married couple, meaning only the wealthiest Americans pay it. Those super-rich would be off the hook. Also, business owners...

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