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
Mark Lachance, Building One of the Largest Social Media Marketing Agencies in the World

Building One of the Largest Social Media Marketing Agencies in the World

Mark Lachance, CEO of Maxy Media Renowned figure, Mark Lachance is a serial entrepreneur, strategic thinker, and investor. He is the CEO and lead investor of Maxy Media Inc., one of the largest TikTok, Facebook, Snapchat, and Google Display Network performance marketing agencies in the world. Currently, Maxy Media is the number one advertiser in…

Amazon, Alan L. Olsen, CPA

Amazon Best Seller, “My Path” Donates 100% of Proceeds

Alan L. Olsen, CPA and Author of the Amazon best selling book “My Path, Living the Life You Deserve”, is donating all proceeds from the book towards supporting the James Alma Lee Learning Center and Southern Virginia University. The Book is now an Amazon best seller! We are excited and proud to announce that after…

Nick Sonnenberg

Nick Sonnenberg – Founder of Leverage

Nick Sonnenberg Interview Highlights About Nick Sonnenberg: Nick Sonnenberg is the founder and CEO of Leverage, a business efficiency consultant, Inc. columnist and author of the upcoming book, Come Up For Air: How Teams Can Leverage Systems and Tools to Stop Drowning in Work. As a serial entrepreneur with a passion for productivity and a background in data…

Evan Carmichael

Evan Carmichael – Crushing It on YouTube

Evan Carmichael, Experienced YouTuber Crushing It on YouTube About Evan Carmichael Evan Carmichael #Believes in entrepreneurs. Gary Vaynerchuck called him the DJ who inspires people and Ed Mylett called him the modern-day Napoleon Hill. At 19, he built and then sold a biotech software company. At 22, he was a venture capitalist raising $500k to…