Headline: Trump
Rolls-Out Huge Tax Plan.
Looking to throw something on the wall that might stick
as the artificial 100 day deadline arrives the Whitehouse released President
Trump’s big tax plan.
The 15 percent corporate rate - we already knew.
Getting rid of the state and local tax
deduction hasn’t a hope of passing.
As for the details concerning how they
could cover the cost of the giant corporate rate cut? Missing in action.
What about the tax rate for repatriated earnings? Nothing.
Application of the new individual rates?
Dunno.
When will the details be
released? Anybody's guess.
Impact on the President’s personal
finances? None of your business.
Steel yourself for the bigness of this as you
can read the entire plan here.
Posts
Millions of jobs? Why not billions?
ReplyDeleteThe maddening part of all this is that anyone that knows anything about basic economics would think that betting your fiscal health on future income is a good idea. You'd think as such a successful business man, he would know this. Maybe he doesn't know that the U.S. can't file for chapter 10?
The CBO report will detail the recklessness of this plan, but who cares right? We beat Clinton wooo hoo!
https://www.nytimes.com/2017/04/27/us/politics/individual-business-tax-wealth.html
ReplyDeleteAt what point are the Trump folks going to realize they have been swindled?
The Base is made up of true believers.
ReplyDeleteCrafty predator the Con Man from Queens is.