In this blog post, we will discuss the most recent tax plan that is causing controversy in America. President Trump’s Tax Plan has been a hot topic of discussion for many months now, and it doesn’t seem to be going away anytime soon.
In fact, with the midterm elections coming up in November 2018, there are more discussions than ever about what exactly the Trump Tax Plan entails and how it will affect Americans over the next few years. Let’s take a look at what some of these changes entail!
– The most notable change in the Trump Tax Plan, is a major cut in corporate taxes. Businesses will now pay one of the lowest rates, at 21%, down from 35%. This should give companies more money to spend and create jobs. Different ways people can view this new tax plan are good or bad for America – some believe that it’s going to provide income growth and prosperity whereas others think that it’ll only lead to economic inequality. It all comes back to personal opinion!