11 May

On April 26, 2017, the Trump Administration released its long-awaited tax plan. What finally emerged was a one-page document of less than 300 words with less detail than had been included in Trump’s campaign tax proposals.  Because of its brevity, it should not be assumed that something that has been omitted has been dropped from […]

The post Trump Tax Plan appeared first on Tax & Accounting Blog.

26 Apr

Senior Administration officials outlined President Trump’s tax proposals at a news conference in Washington, D.C. on April 26. “Today we are putting out core principles,” Treasury Secretary Steven Mnunchin told reporters. Mnunchin and National Economic Council Director Gary Cohn said that the proposals, which include reducing individual and businesses taxes along with abolishing the federal […]

The post White House Proposes Tax Rate Cuts; Repeal of Most Credits and Deductions appeared first on Tax & Accounting Blog.

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