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Tag: Trump Tax Reform

Trump's America

Here’s the Skinny on Trump ‘s High Hopes for the Tax Cuts and Jobs Act

(Last updated 16 November 2017, 5:13 am BST) If the new tax plan in America were to pass, and, it has at least passed its first hurdle --   more than ever before the wealthy and the rich would automatically benefit more than anyone else.   Announced today,   the bill originally proposed by Trump himself during his campaign -- passed its first major hurdle.   Whether or not such a plan will clear Congress, among other places, remains to be seen as of this time. The Tax Cuts and Jobs Act - Defined As many experts have already pointed out,   the "cuts" are actually at least partially only temporary.    The key point of this tax-act, or what it is actually meant for, is to enrich the pocketbooks and lives of the millionaires and billionaires currently in power in the United States...
Here’s more on what Trump has in store for “tax reform”
Trump's America

Here’s more on what Trump has in store for “tax reform”

We exclusively revealed a trove of details last night on Donald Trump 's much anticipated tax-reform code plan to be unveiled this afternoon in Washington. Now, we've gotten our hands on additional documentation related to individual taxes and such in the US. Under Trump 's new proposal, people would be able to see a standard deduction of $15,000 on individual taxes instead of just the average $6,000 standard deduction most take on their taxes each year. As we previously noted, the main focal point of Trump 's tax-reform plan is actually cutting the business tax rate to just 15%.  The problem? Democrats like Elizabeth Warren have already pointed out that the main people who will instantly benefit from such cuts, er, would actually be Donald Trump and his massive real-estate empire. W...
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