cnsnews
Terence P. Jeffrey | October 27, 2017 | 2:25 PM EDT
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https://www.cnsnews.com/news/article/terence-p-jeffrey/trump-congressional-committees-want-new-tax-code-least-progressive(CNSNews.com) - President Donald Trump and the House and Senate committees responsible for drafting new tax legislation have indicated that they want that tax legislation to provide for a “reformed tax code at least as progressive as the existing tax code.”
A “progressive” income tax takes a higher percentage of a person’s income as their income increases.
A “flat” tax, by contrast, imposes the same tax rate on all incomes.
