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Trump advisers say tax cut proposal won't favor rich

BEDMINSTER, New Jersey (AP) — President Donald Trump's top advisers are saying his proposed tax plan would not cut taxes disproportionately for the rich — despite an early non-partisan analysis that says it will.

The White House and congressional Republicans released the broad strokes of a plan last week that would cut corporate tax rates, reduce the number of personal income tax brackets and boost the standard deduction.

The Tax Policy Center of the Urban Institute and Brookings Institution released an analysis Friday that found the plan would deliver 50 percent of its total tax benefit to taxpayers in the top 1 percent, those with incomes above $730,000 a year.

But White House budget director Mick Mulvaney told CNN's "State of the Union" Sunday it was too early for analysts to tell.