Where Do Most Americans Fall With Proposed Tax Reform?
Where Do Most Americans Fall With Proposed Tax Reform?
Tax reform is coming. At least that’s what we’ve been led to believe for the better part of a year now. Ever since Donald Trump won the election last November, most of the nation has been expecting tax reform. Here we are a year later and we’re still waiting for the president and his administration to deliver on that promise.
However, while it would seem most people favor tax reform, according to recent numbers being floated around, the majority of Americans aren’t in favor of the president’s tax proposals. A new CNN poll reports that 52 percent of Americans oppose the president’s proposals and just 34 percent are for it.
The problem is, according to the numbers, a mere 24 percent of Americans believe they will be better off if the president’s proposals become law. It gets worse for Trump, as 31 percent actually think their tax situation would get worse under the president’s plans.
Americans also feel that the proposals would hurt the country economically, as a whole, with 35 percent saying things would get worse and only 31 percent believing things would improve.
Some of the proposals that have been thrown around include consolidating the number of tax rates to just three instead of the current seven. The president wants to increase the child tax credit and the standard deduction, and axe the alternative minimum tax.
We hope you found this article about “Where Do Most Americans Fall With Proposed Tax Reform?” helpful. If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page or our website at www.GROCO.com. Unfortunately, we no longer give advice to other tax professionals gratis.
To receive our free newsletter, contact us here.
Subscribe to our YouTube Channel for more updates.
Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com. GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.
Alan L. Olsen, CPA, Wikipedia Bio
GROCO.com is a proud sponsor of The American Dreams Show.
The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.
Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.
The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.
They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..
American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:
Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…
MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness. It’s mission statement:
In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.
Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.
How to Ensure Success in Your Career | David Cline
About David Cline David Cline is one of two founding partners of Global Allies. David is a seasoned veteran with over 30 years of experience in the hospitality and home furnishings industry. David along with his partner, Isaac Kubryk are committed to providing a higher level of product quality and service to the hospitality industry.…
Insynctive | Gary Goldstein
Transcript, Insynctive | Gary Goldstein Alan Welcome back. I’m visiting here today with Gary Goldstein. And Gary is the founder of instinctive. Gary, welcome to today’s show, Gary Hey thanks Alan! I appreciate you having me here today. Alan So Gary, for the listeners, can you give me your background and how you got to…
How I Got Into Philanthropy | Jay Brasher
About Jay Brasher Back in the 1970’s Jay and his wife made the decision to be be involved the Indian Placement Program by taking an 8 year old Navajo girl into their home during the school year so she could attend school where the Brasher’s lived- it was a big deal at the time…