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Guest: Trump Unveils His Sweeping Tax Cut Plan For America

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By jiggy
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Treasury secretary says Trump to propose biggest tax cut in history…

TAX CUTS ANALYSIS: Bryan Crabtree, is the Publisher of Talk40.com, and Therealestateexperts.com. As well as a contributor to Townhall.com, ClashDaily.com and DailyCaller.com.

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“President Trump’s forthcoming tax plan will be the “biggest” tax cut in history, Treasury Secretary Steven Mnuchin said Wednesday at an event hosted by The Hill.

Mnuchin provided several clues as to what will be in the package, which will be unveiled later in the day.

He confirmed that the proposal would cut tax rates for businesses to 15 percent. That rate would apply to both corporations and owner-operated businesses known as “pass-throughs.”

The 15 percent rate was also part of Trump’s campaign plan. Mnuchin said that Trump thinks that’s “absolutely critical” for driving economic growth.

He also said that the administration wants to simplify the personal tax system and that most Americans should be able to file their taxes on a large postcard.

“The average American should have simple taxes,” Mnuchin said, adding that many people won’t end up paying any taxes under the administration’s plan.

House Republicans have been working on a tax bill based on a plan they released last year. That blueprint includes a controversial provision known as “border adjustment” that would tax imports and exempt exports.

Mnuchin said that the White House doesn’t think the border-adjustment provision “works in its current form.” He said that the administration will continue to discuss potential revisions to the proposal with lawmakers.

Mnuchin also said that Trump’s proposal won’t include infrastructure spending.”

READ: thehill.com/policy/finance/330606-treasury-secretary-says-trump-to-propose-biggest-tax-cut-in-history

BIO: Bryan Crabtree is the live afternoon host on Atlanta’s Biz 1190 from 4-6 pm weekdays and airing again on AM 920 The Answer from 9-11 pm. His real estate show with his wife, Mackenzie Crabtree can be heard on Saturday at 9 am on AM 920 The Answer and Noon on Sunday on Biz 1190. Additionally, his Crabtree Chronicle (focusing on local Atlanta issues) is heard throughout the day on AM 920 The Answer.

WEBSITE: thebryancrabtreeshow.com

ARCHIVE: townhall.com/columnists/bryancrabtree/

FACEBOOK: facebook.com/The-Bryan-Crabtree-Show-242229915915740/

TWITTER: @bryancrabtree

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