A new analysis of tax proposals put forward by former President Trump has found they would amount to tax cuts for the wealthiest Americans and tax increases for the majority of households.

The wealthiest 1 percent would see an average tax decrease of more than $36,000 while the bulk of lower quintiles of the population would see tax increases of around $1,500, according to a new study by the Institute on Taxation and Economic Policy (ITEP).

Trump’s tax plans have included general tariffs, a lower corporate tax rate, a cancellation of taxes on tips and overtime pay and an extension of the individual tax cuts in his........

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