Trump reveals tax plan, hides tax returns

Count on it. Photograph: Brendan Smialowski/AFP/Getty Images

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1. ‘The biggest tax cut’

Treasury secretary Steve Mnuchin and chief economic adviser Gary Cohn, both former Goldman Sachs executives, unveiled Donald Trump’s tax plan, which they touted as “the biggest tax cut and the largest tax reform in the history of our country”.

Read about Trump’s plan

Cohn, left, and Mnuchin, right. Photograph: Andrew Harnik/AP

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Summary

The tax plan would slash taxes on corporations and allow owner-operated businesses such as the Trump organization to significantly reduce their tax burdens. But what will Congress think of it? The plan was sketchy, with few details.

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One-pager

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2. Mnuchin: Trump will not release returns

The president has no intention, the president has released plenty of information, and I think has given more financial disclosure than anybody else.

– Treasury secretary Steve Mnuchin, on whether the president will release his tax returns

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4. North Korea briefing

In an unusual field trip, senators piled onto two tour buses for a trip to the White House, where they had been promised a North Korea briefing, which was criticized afterward as rather thin. “I’m not sure I would have had it,” the foreign relations chairman said.

US commander on North Korea

I miss the straight talk express. Photograph: Yuri Gripas/Reuters

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The wheels on the bus go...

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5. Waiting for a miracle

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...and another thing:

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...and another thing:

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