President’s Tax Plan Changes Back at Square One

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/
Why Startups Need Legal Counsel | Jackie Ammon
About Jackie Ammon Jackie Ammon is a senior associate who focuses her practice on corporate matters at WilmerHale. Prior to joining WilmerHale, Ms. Ammon was a judicial extern for the Honorable Frederick F. Mumm of the US District Court for the Central District of California. In that role, she wrote Report and Recommendation for…
The 10 Laws of Trust | Joel Peterson
About Joel Peterson Joel Peterson is Chairman of JetBlue and a consulting Professor at the Stanford Graduate School of Business. Together along with David Kaplan he authored The 10 Laws of Trust, a business leadership book about building high-trust organizations. Mr. Peterson is the former managing partner of Trammel Crow, one of the top leading…
LuLaRoe – Disrupting The Retail Market | Mark Stidham
Transcript of LuLaRoe – Disrupting The Retail Market | Mark Stidham: Alan Olsen: Mark Stidham is the CEO of LuLaRoe, a direct to consumer clothing company that he and his wife DeAnne started in 2013. Since it’s inception it has been transforming the fashion. Mark Stidham: I grew up with my Dad being a…
Udacity-Democratizing Education | Sebastian Thrun
About Sebastian Thrun Founder of Udacity Sebastian Thrun is a scientist, educator, inventor, and entrepreneur. He is the founder, chairman, and president of Udacity, whose mission is to democratize education. Udacity focuses on affordable, lifelong learning to give people the needed skills to get a new job or advance their career. Today, the company has…