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The fuzzy math behind Trump saying corporate tax cut leads to ‘$4,000 pay raise’

President Donald Trump is preparing to pitch what he’s calling a “$4,000 pay raise” for middle-class families that would result from his tax plan, in a speech late Wednesday in Pennsylvania.

Trump will link what he’s calling a pay raise to his plans to cut the corporate tax rate and end the taxation of corporations’ foreign earnings. The figure of $4,000 in extra income comes from a speech that Kevin Hassett, the chairman of Trump’s Council of Economic Advisers, gave last week.


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