Why You Probably Can Ignore President Trump’s Tax Proposal for Now
April 27, 2017 Business & Tax Blog Legislation
On Wednesday, President Trump released his tax proposal.
Take a look. It won’t take long. That’s it. One page of bullet points.
For comparison, now look at this discussion of then-candidate Trump’s tax proposals during the presidential election campaign last fall.
Anything new? Not really.
While restating campaign promises may initiate the legislative discussion, doing so tells us little about what might actually appear in legislation hammered out by competing factions in Congress.
So whether you are excited or disappointed about lower corporate tax rates or estate tax repeal, we suggest re-averting your attention to other matters for the time being.
To that end, this missive also ends without further elaboration.