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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Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.
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