Today, there was a press conference introducing Donald Trump's ideas about tax reform. They are superfluous and hype, the fodder of a political campaign and not actionable legislation. An incumbent President is expected to put meat on the table and not bony ideas.
The intention to simplify is good. The claim that American corporations pay too much is a boldface lie. That is what is expected from this illegitimate President who mixes facts, fiction, and folklore interchangeably.
It is just more bullshit, and nothing will happen between now and the next time that you must prepare your tax return.
By the way, we are still awaiting Donald Trump's tax return.
"White House unveils plan to overhaul tax code in what could be a major test of President Trump's ability to achieve his agenda
The announcement of the plan — a set of principles with few details — will set off a major push on Capitol Hill to advance tax legislation later this year, as well as a massive lobbying battle over its provisions. The plan includes sharp cuts to individual and business tax rates.
Republicans will likely criticize the plan for massively increasing the deficit, and Democrats will say that it disproportionately benefits the wealthy.
The stakes are huge for Trump, who wants to follow in the footsteps of other Republican presidents who’ve made tax cuts a central part of their legacies."
The Washington Post email