“President Trump’s Tax Plan to be Revealed Soon – Where Do We Stand Today?”
As Donald Trump settles into his new presidency, it is an appropriate time to revisit tax proposals articulated by both President Trump and House Republicans, as well as their potential impact on comprehensive tax reform. Recently, President Trump indicated that a formal tax plan will be released by the administration in the forthcoming weeks. If enacted, the type of changes that are currently being considered would greatly transform the current tax system for both individual and business taxpayers.
This Stroock Special Bulletin provides a general overview of President Trump’s preliminary tax proposal (“Preliminary Trump Plan”), and highlights differences from a similar proposal outlined by House Republicans.