When Donald Trump entered the Oval Office, he reportedly wanted to tackle the budget and taxes first. Instead, his advisors convinced him to take on his list of campaign promises. So the president attempted to replace Obamacare and halt immigration from dangerous countries — two endeavors that have so far been unsuccessful. Now, Trump is finally being allowed to get his hands on the budget.
And he’s planning something huge.
President Trump is looking to enact “the most significant tax reform legislation since 1986, and one of the biggest tax cuts in American history,” says chief economic adviser Gary Cohn
Trump’s plan to lower taxes seems to indicate how confident the president is in the nation’s economy. Despite lower tax rates, Trump continues to believe that revenues will be able to close the massive budget deficits that were prevalent during Obama’s presidency.
Read about the tax plan Trump hopes will revitalize that nation’s economy on the next page:
Not the trump supporter just the rich …suckers …again
Forget the “charity” deduction (I have control over that spending) & let us keep the “healthcare” deduction (I have no control over healthcare costs which are already more than my mortgage deduction). If someone has high medical expenses they should at least be able to deduct them from their income.
It off sets though. Standard goes from 12,600 to 24,600. So that will off set some of the other deductions. Me for one never used health care mileage etc as a deduction. Still always got back 6-12k from fed maybe a few hundred from state or nothing
Just wanted to say the biggest crooks are in the white house. Why haven’t they had a taxes been investigated by the IRS. Or are they afraid of the crooks. They are the only ones who get tax cuts. Not the poor or the people who live on pensions.