How the New Republican Tax Plan Will Affect You

House leaders unveiled their latest effort to give America a tax cut on Thursday, giving a clearer picture of who would get what if Republicans in Washington make good on one their biggest campaign promises.

The Tax Cuts and Jobs Act, a top priority for President Trump, would mean lower tax bills for many middle-class Americans, with especially large cuts for many high-earners and small business owners. There are downsides, including adding $1.5 trillion to the U.S.'s debt over the next decade.