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1. Patricia Pomerleau CEOExpressSelect Member
     Forum Moderator
     (11/20/2017 8:33:03 PM)
     Message ID #294017

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There is a lot of debate about the Trump tax plan right now ranging from it's great as trickle down economics plan and will bring businesses and jobs back from overseas, to it's doing to only going to help the rich and screw the poor and middle class.

It's very clear that the Trump tax plan will help the wealthy as well as corporations. However, there is a heated discussion about this tax plan and it's affect on the middle class.

Rather than my trying to analyze this complicated and contencious matter, I will provide links to folks to have done a pretty good job in the analysis.

1) Trump's Tax Plan and How It Would Affect You: How the Senate Tax Bill Differs from the House Bill This group has charts that clearly outline the differences between the house and senate bills and the present tax tables. It's excellent and unbiased.

2) Wilbur Ross, Commerce secretary: Trump’s Tax Plan: What It Does and Doesn’t Do

3) Is the Trump tax plan a big win for middle class? Not so much CNN Money

4) How the Trump Tax Cuts Would Reshape (and/or Break) Our Economy

5) Trump Tax Reform Calculator for 2018 (vs 2017)

Every day another item comes out that strikes another group. This week it was eliminating interest deduction on college loans--something that almost no one thinks is a good idea when there are new tax exemptions for private jets. Sort of head scratching. There is a chasm of differences between the house and senate plans. "Reconciliation" will be interesting.

So, what is your view of the Trump Tax plan. It is only going to benefit the rich and corporations or will it also help the middle class and how?

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