The Republican tax plan is battling perceptions that it is a handout for the wealthy but now homeowners are following pension holders’ lead in challenging its basis“We are going to believe the largest tax cut ever,” Donald Trump claimed earlier this month – the latest in a series of promises of tax reform from the US president. But as the plan finally emerged on Thursday it may be the president himself who is the biggest threat to the bill getting passed.
The long-awaited $1.51tn plan to cut taxes for corporations, reduce them for some middle-course families and streamline the tax code looked more costly, or more vulnerable and smaller than originally planned. Related: 'We are a cautionary tale': Kansas feels the pain of massive Trump-style tax cuts Continue reading...
Source: theguardian.com