Economics

Trump Maps Lobbying Trip for Tax Plan Likely to Whack N.Y., N.J.

  • President touts middle-class relief, but plan said to aid rich
  • Release this week begins fall push for top legislative goal

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President Donald Trump and Republican leaders inched closer to releasing their tax framework this week, as details leaked to lobbyists suggested it would dramatically cut taxes for corporations and the wealthy, provide a measure of middle-class tax relief and punish some households in Democratic-leaning states like New York and New Jersey.

The White House said Trump will travel to Indiana Wednesday for a late-afternoon speech that will focus on the tax-overhaul effort. Early Monday morning, he tweeted that he has “important meetings taking place today. Big tax cuts & reform.” The only meetings listed on his schedule were a lunch with Vice President Mike Pence and dinner with “grassroots leaders” -- a group that will include several conservative organizations.