No. of Recommendations: 1
Donald Trump's tax plan sharply reduced the top tax rate on individual income from 39.6% to 25%.
His plan also lowered the tax rate on corporate income from 35% to 15%, and applied this 15% to other business income.
(Drastically reducing tax revenues)
As a result, the Trump plan increases the federal deficit over the next decade by $10 to $12 trillion, according to
several estimates.
Yes, I remember this. It was first floated without giving the MAGA hats anything, then they changed it so they got $600,and they were going "Whoop! Booya! $600!" So that's how we totally screw ourselves - "Whhooop! Boooyaa! $600!"
