Thursday 2 February 2017

Donald Trump Promised to Lower Your Taxes. Will He?


How the Tax Cuts Stack UpDonald Trump was swept into office on a pledge to cut taxes more than any President has in nearly four decades. And if the first few weeks of his presidency are any indication, this POTUS aims to make good on his pledges—even the controversial ones.
He also starts with the strongest hand of any newly seated GOP President since 1929, with solid control of the House and Senate. “Congress is in the mood to adopt a comprehensive overhaul, not just tinkering,” says Alan Viard, a scholar at the American Enterprise Institute. But while Trump and congressional Republicans agree on broad goals like lower rates, their approaches differ—on issues ranging from corporate tax rates to the treatment of key deductions.
Even the pundits are wary of guessing how things will unfold. But here's a roundup of what the experts believe are the reforms that Washington is most likely to tackle, those it still needs to hash out, and a few that could come as big curveballs.

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