Not all of President Trump’s planned changes are as controversial as repealing Obamacare has been (according to the liberals and RINOs, of course), and he has some other new proposals that at least 80% of the GOP can actually get behind without there having to be a huge debate about it.
You wouldn’t think that with a Republican House, Senate, and presidency, we would have so many problems. Thankfully, in this particular category, it looks like we could see this plan passed and signed by August.
The new focus for President Trump, as Treasury Secretary Steve Mnuchin has confirmed, will be tax reform. “This is going to be the biggest tax cut and the largest tax reform in the history of our country…” Wow. This is big news! Under the new plan, small business owners would have their taxes lowered from 39.6% down to just 15% and the standard deduction for a family of four would be increased to $24,000 dollars.
From Fox News:
Steve Mnuchin confirmed Wednesday that the Trump administration aims to lower the corporate tax rate to 15 percent, saying a forthcoming proposal will constitute the “biggest tax cut” for Americans in history.