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Number of brackets remains at seven in final tax bill
As a presidential candidate, Donald Trump promised to streamline the nation's tax system.
During the campaign, Trump said his tax plan "will collapse the current seven tax brackets to three brackets."
On Dec. 19 and 20, the Senate and the House passed the final version of the tax bill, which will go to the president for his signature.
So did lawmakers collapse the number of brackets? No.
While they did lower most of the rates in the existing seven brackets, the crafters of the bill did not reduce the number of brackets. The number of brackets remains at seven.
Here's a sampling of the previous rates:
And here's the equivalent breakdown under the new bill.
With the number of brackets staying at seven rather than being collapsed into three, we rate this Promise Broken.
Our Sources
PolitiFact, "Who wins and who loses from the tax bill?" Dec. 19, 2017
Urban Institute-Brookings Institution Tax Policy Center, "Analysis of the Tax Cuts and Jobs Act," accessed Dec. 20, 2017
Email interview with Patrick Newton, spokesman for the Committee for a Responsible Federal Budget, Dec. 19, 2017