Understanding the White House Tax Plan Announcement
May 2, 2017
The White House has announced new plans to revise both individual and corporate taxes. Financial advisors, download this quick reference guide that summarizes current, individual income tax laws along with a side-by-side comparison of the White House tax plan (released April 26) and prior Republican (GOP) proposal.
As noted, “Despite their control of both houses of Congress, the Republican Party lacks the ‘supermajority’ necessary to avoid filibusters. Without a supermajority, the Republican Party may need to compromise over the final version of any income tax legislation…”
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