Major tax cut plans

Trump outlines major tax cut plans

A framework released by Republicans calls for lowering the tax rate for corporations from 35% to 20%, among other changes.

The president said the revamp will make the US more competitive and help middle class families.

Democrats criticised the plan as a give-away for the wealthy.

The Republican blueprint does not detail what tax benefits might be eliminated to offset the cost of the cuts - negotiations that are likely to be difficult.