On Monday in Detroit, Donald Trump revealed he has radically changed his proposed tax brackets, putting his plan in line with what has been proposed by House Republicans. Trump had formerly proposed brackets of 0 percent, 10 percent, 20 percent, and 25 percent; as of his economic speech Monday, those proposed brackets are now 12 percent, 25 percent, and 33 percent.
Critics of Trump's old tax plan had said his personal and business tax cuts could increase U.S. debt by $10 trillion in just over a decade. In working with CNBC contributor Larry Kudlow, Trump's new tax plan would allegedly keep that number to less than $3 trillion.
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