• ‘The rich will not be gaining at all’, president says … but can he sell it? … analysts sees boon for Trump personally …

• Get the day’s politics news in 60 seconds every weekday. By Tom McCarthy

Pitching a tax reform proposal, Donald Trump promised, “The rich will not be gaining at all from this plan. We are looking for the middle class and we are looking for jobs … I think the wealthy will be pretty much where they are.”

Plan would fuel inequality

The centerpiece of Trump’s plan is to cut corporate taxes, which the White House says would stimulate growth with trickle-down effects and benefit small business. But analysts have estimated that the Trump plan would shower millions on the richest households.

Read the analysis

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