Basic framework for tax relief targeting the middle-class and small businesses
Here’s a summary of the GOP Tax Plan set to be announced by the Trump administration later on Wednesday.
-Tax relief for middle-class families.
-The simplicity of “postcard” tax filing for the vast majority of Americans.
-Tax relief for businesses, especially small businesses.
-Ending incentives to ship jobs, capital, and tax revenue overseas.
-Broadening the tax base and providing greater fairness for all Americans by closing special interest tax rates and loopholes.