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The first rule of politics is feather your own nest. President Trump’s tax cut proposal always had this in mind. Congress has passed a bill which tinkers at the edges but leaves most of Trump’s core proposal intact. It’s obvious to me that Trump has the political acumen of another brilliant U.S. politician, the loathsome [.]
Trump’s Tax Cut – FDR Would Be Envious. Trump’s tax plan will have similar effects. And it’s why there was such staunch opposition to it in Congress. Democratic leadership understand that the triple-whammy of eliminating the State and Local Tax exemption, lowering corporate tax rate to 20% and incentivizing the on-shoring.
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"Trump’s tax plan would definitely be a huge tax cut for him," Batchelder said. It would lower the corporate tax rate to 15% from 35% and give new options for deducting business investments at a total cost of about $2 trillion over ten years, per the Tax Foundation’s analysis.
Siegel lays out the bull case: "If there’s a significant corporate tax cut, and most people expect there to be one, that could add 10% to earnings in and of itself. So that alone, you could.
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