President’s Tax Plan Changes Back at Square One

shutterstock_630783017

 

Taxes, taxes, taxes! It was arguably the number one issue during the recent presidential election and President Trump made it very clear that he planned to make some major changes to our country’s tax code. With the republican-led House and Senate in place, it seemed like it would just be a matter of time before major changes occurred.

However, as with the new administration’s efforts to change the nation’s healthcare plan, the president is finding tax reform to be anything but easy. In fact, according to recent reports, President Trump has now tossed out the tax reforms plans he campaigned for and is basically going back to square one.

As with most issues on Capitol Hill, the administration is finding it difficult to work with the many different parties involved, as well as finding common ground that appeases everyone, or even enough lawmakers in his own party. At this point, the president and his administration have not been able to find much they can agree on with other lawmakers in Washington, which means any major reforms are still on hold.

The new administration wants to cut taxes in an effort to improve the economy, especially in industrial locations and depressed rural pockets where many of his supporters live. However, those efforts have not amounted to any changes that everyone can agree upon at this point.

So, while everything from the payroll tax to corporate taxes could eventually be in play, at this point the stalemate in Washington Continues.

http://wtop.com/dc/2017/04/trump-taxes-president-scraps-tax-plan-timetable-threatened/

Posted in
Derek Lobo's Self Funding House: The Dream has Not Passed You By

Derek Lobo’s Brilliant “Self Funding House”: The Dream has Not Passed You By

Introducing Derek Lobo, author of Self Funding House Derek Lobo, CEO & Broker of Record of SVN Rock Advisors Inc., is a recognized housing expert in Canada’s expensive and highly competitive housing markets. As Derek puts it, the affordability gap between home ownership and renting has become a full-fledged crisis.  Current interest rates are not…

The Self Funding House with Derek Lobo, Commercial Real-Estate Titan

The Self Funding House with Derek Lobo, Commercial Real-Estate Titan

Derek Lobo talks with Alan Olsen, CPA and Host of the American dreams show about his book; “The Self Funding House”. Transcript (software generated): Alan Olsen Welcome to American Dreams. My guest today is Derek Lobo. Derek, welcome to today’s show.   Derek Lobo All him great to be here, man.   Alan Olsen Derek…

Daniel Hammond Customer Driven Leadership LLC - A Servant Leadership, Entrepreneurial Problem-Solving Model

Daniel Hammond Customer Driven Leadership LLC – A Servant Leadership, Entrepreneurial Problem-Solving Model

Daniel Hammond is the Managing Partner of Customer Driven Leadership LLC, an organization dedicated to transforming businesses through servant leadership and entrepreneurial problem-solving. Founded by Dr. Ted Anders, Customer Driven Leadership LLC has a mission to help over 1,000 ethical organizations reach their goals and provide exceptional service to their customers. Daniel Hammond is the…

The IRS is Getting a Funding Increase, Episode 21 with Ron Cohen

Episode 32: Year End Tax Planning

Ron Cohen talks about year end tax planning. Transcript: Today we discuss: -A review of year end tax planning issues and strategies About Ron Cohen’s Show: Hello and welcome. This is Ron Cohen. I’m a tax partner with the firm of Greenstein, Rogoff, Olsen & Co., LLP and we’re located in beautiful downtown Fremont, California.…