via Making America First:
September 15, 2016
Trump Unveils Economic Policies at NY Economic Club
The Trump tax plan would reduce the number of brackets from seven to three at 12%, 25%, and 33%, with low-income wage earners paying no tax at all. “Because we have strongly capped deductions for the wealthy and closed special interest loopholes, the tax relief will be concentrated on the working and middle class taxpayer.”
Included in the tax plan are the child care policy proposals Doanld and Ivanka Trump worked on. These include the ability to deduct child and elder care expenses, the creation of Dependent Care Savings Accounts with matching contribution for low-income savers, increased Earned Income Tax Credit, and reduction of corporate tax from 35% to 15%.
U.S.-based manufacturers would be allowed “to fully expense the cost of new plants and equipment.”
Money kept overseas could be returned here and taxed at 10%.
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