September 28, 2017 / 7:29 PM / in a year

Typical U.S. family earning $100,000 to get $1,000 tax cut under Trump plan: aide

WASHINGTON (Reuters) - A typical U.S. family with two children earning $100,000 a year can expect a tax cut of $1,000 under President Donald Trump’s proposed tax overhaul, White House economic adviser Gary Cohn said on Thursday.

White House chief economic adviser Gary Cohn speaks during a press briefing at the White House in Washington, U.S., September 28, 2017. REUTERS/Yuri Gripas

Cohn also told reporters at the White House that the repeal of estate tax and alternative minimum tax would be immediate under the proposal.

Reporting by Steve Holland; Writing by Mohammad Zargham; Editing by Cynthia Osterman

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