Experts Question Donald Trump’s Tax Plan

An update on the race for the White House.

Donald Trump released his plan for taxes.

He would create four individual tax brackets with a top rate of 25 percent.

Right now the top rate is nearly 40 percent.

Workers earning less than $25,000 a year wouldn’t pay taxes.

Trump would keep deductions for charitable contributions and home mortgage interest, but almost all other deductions and credits would disappear, essentially meaning a tax raise on the wealthy.

His beliefs are consistent with the Republican theory that tax cuts across the board stimulate economic growth.

But tax experts say his plan still isn’t specific, and it’s nearly impossible to calculate whether it would make enough revenue for the government to offset the cuts.