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Trump tax plan heavy on promises, light on details

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Trump tax plan heavy on promises, light on details Check The Source Here:https://goo.gl/G6GPwBPatriotT-Shrits: http://goo.gl/XgtvW8 Donate Here: https://goo.gl/IIMAA5 President Donald Trump's eagerly awaited tax reform plan arrived Wednesday as a one-page sheet of mostly general principles, largely repackaging ideas from his presidential campaign with a promise to deliver the nation's biggest tax cut ever.The rollout was hastily arranged after Trump took Treasury Secretary Steven Mnuchin and other White House officials by surprise last week when he promised a "big announcement" on tax reform would be coming this Wednesday. But what Mnuchin and top economic adviser Gary Cohn presented at a White House briefing will do little, if anything, to move the ball forward on tax reform. The announcement included a big tax cut for businesses, to 15 percent; a more modest cut and fewer tax brackets for individuals; doubling the standard deduction; and providing tax relief to help pay for child and dependent care expenses.At the same time, the plan would get rid of some taxes that mostly hit the wealthy, and likely Trump himself, including the estate tax and the alternative minimum tax, while promising to "Eliminate targeted tax breaks that mainly benefit the wealthiest taxpayers." Read the entire story in Source, link in description.

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