- 1 Trump Unveils New Tax Plan
- 1.1 Per CNN:
- 1.2 Per OneNewsNow:
- 1.3 House Republicans reveal their answer to the US tax morass
- 1.4 Stand Up America
- 1.5 State Lawmakers React to Trump-Named ‘Cut, Cut, Cut’ Tax Bill
- 1.6 What Else?
- 1.7 Here is Robert Reich’s take on it.
- 1.8 Per PJMedia: New Tax Plan Comes with Vast Cuts
- 1.9 Per Rawstory: Republican tax bill hits wind power, solar largely unscathed
Trump Unveils New Tax Plan
Let’s take a trip around the Financial Multiverse to see what the pundits and talking heads think of this attempt to balance a somewhat imbalanced and unfair tax system.
Will the ultra-rich start to pay a fair share?
Will the ultra middle-class shoulder less of a burden?
Will we ever see a fair system of taxation?
Personally, I do not think so. We shall see, however, won’t we?
BREAKING NEWS CNN 11/02 – CNN Newsroom With John Berman and Poppy Harlow 11/02: NEW DETAILS OF GOP TAX CUT PROPOSAL, REPUBLICANS REACT TO DETAILS OF GOP TAX PLAN
House Republicans reveal their answer to the US tax morass
WASHINGTON (November 2, 2017) — House Republicans on Thursday unveiled a tax cut plan that would slash the corporate rate and lower the personal taxes of most Americans but also limit a cherished deduction. Read more
Stand Up America
State Lawmakers React to Trump-Named ‘Cut, Cut, Cut’ Tax Bill
Second District Congressman Frank Lobiondo (NJ), a Republican, says he is voting “nay” due to the elimination of state and local income tax deductions, and the cap on property tax deductions. Read more
House Speaker Paul Ryan says middle-class families will see a tax cut of nearly $1,200 under the new Republican plan. The House bill reduces the number of tax brackets from seven to four.
Here is Robert Reich’s take on it.
This may be a bit out in left field, but he has put it out for public consumption so…
Per PJMedia: New Tax Plan Comes with Vast Cuts
Vast cuts for who? Is $1,200 for middle-class families vast? No. But eliminating estate tax for the wealthy definitely qualifies as vast.
WASHINGTON — With Speaker Paul Ryan (R-Wis.) declaring that lawmakers’ will is “ironclad” to pass the first tax reforms since 1986, House Republicans unveiled their plan today. Read more
Per Rawstory: Republican tax bill hits wind power, solar largely unscathed
A Republican tax bill unveiled on Thursday included cuts to renewable energy tax credits considered critical to enabling wind projects to compete with fossil fuel plants, but tax breaks for solar power seem safe for now. Read more