You wouldn't know it from President Donald Trump's rhetoric, but the tax overhaul coming into effect is heavily tilted to the rich. It also leaves "Obamacare" in place, despite his assertion that the tax plan repeals the health care law. Nothing about the plan provides the fuel to achieve economic growth at the levels he's predicted.

The tax plan President Donald Trump touted at its official unveiling Wednesday has, like all changes in the tax code, winners and losers. It tilts toward corporations and wealthier Americans, but it offers something for less well-heeled taxpayers, as well.

President Donald Trump's push to cut taxes is a rare policy expected to draw political support from both sides of the aisle.