Tax Cuts and Economic Growth:
Useful Brookings Study:
https://www.brookings.edu/wp-content/uploads/2016/06/09_Effects_Income_Tax_Changes_Economic_Growth_Gale_Samwick.pdf
A few good ideas included in the Trump Tax Plan:
“For individuals, the plan would:
· reduce the number of tax brackets from seven to three and cut the top marginal rate from 39.6 to 35 percent
· double the standard deduction, while eliminating most tax breaks except for home ownership and charitable deductions
Trump Tax Plan - Winners and Losers: