About Trump Administration Tax Proposal is a Good One "Credit News 24" - Credit News 24, we has prepared this article well for you to read and retrieve information in it. Okay, happy reading.

Trump Administration Tax Proposal is a Good One "Credit News 24"

It's not perfect, that's for sure, but the tax proposal released yesterday by the Trump Administration is a huge, huge improvement over the current tax regime.  It might not end up that way if amendments rob it of it's essential feature, but so far, it's a winner.

Goodbye to death taxes, goodbye to state and local income and property tax deductions and goodbye to the extraordinary complexity related to these two items.  Hooray!

Let's hope there is no fourth tax bracket to "punish the rich."  We don't need to punish anyone.  We need to get back to 3 1/2 percent to 4 percent growth where the US economy has historically been -- except for the last two decades.

Economic growth reduces inequality, provides pathways for folks at the bottom to survive and prosper.  Rich folks always prosper.  This plan will mainly benefit folks in the bottom half of the income and wealth statistics, because it will boost economic growth. 

A growing economy solves lots of problems.
Title : Trump Administration Tax Proposal is a Good One "Credit News 24"
link : Trump Administration Tax Proposal is a Good One "Credit News 24"