Trump’s plan would blow huge hole in budget, analysis shows

Donald Trump's plan to cut taxes would zap almost $12 trillion from federal receipts over 10 years, swell budget deficits to an even greater degree,  and deliver the biggest benefits to the wealthiest 1 percent of Americans, according to an analysis released Tuesday by the Tax Foundation in Washington. On the plus side, the nonprofit organization that analyzes tax policy said the Republican presidential candidate's plan would create 5.3 million more full-time jobs than would be generated by the

Donald Trump's plan to cut taxes would zap almost $12 trillion from federal receipts over 10 years, swell budget deficits to an even greater degree,  and deliver the biggest benefits to the wealthiest 1 percent of Americans, according to an analysis released Tuesday by the Tax Foundation in Washington. On the plus side, the nonprofit organization that analyzes tax policy said the Republican presidential candidate's plan would create 5.3 million more full-time jobs than would be generated by the…