A Guide to the Congressional Tax Plan
November 7, 2017
Congress’ release last week of a proposed tax plan advances the country’s discussion aimed at “reforming” both individual and corporate taxes.
Financial advisors, download this quick reference guide that summarizes the Congressional proposal, current law and the White House plan released April 26 (see post).
As you’ll read, “the Congressional proposal seems to address more revenue than prior proposals to gain approval as discussions move through Congress.”
The challenge is the Republicans’ lack of a supermajority, despite their control of both houses of Congress. “Without a supermajority,” this guide says, “the Republican Party may need to compromise over the final version of any income tax legislation by giving up on other legislation, such as the permanent estate tax repeal.”
For information about building clients’ portfolios, contact your Calamos Investment Consultant at 888-571-2567 or [email protected].
Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.
Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1-800-582-6959. Read it carefully before investing.