Trump's Fabulous Financial Plan

This week the dashing Donald Trump released his official economic plan that he plans to implement. This plan is said to be LARGER THAN ALL OTHER PLANS [Jeb Bush, Rand Paul, and Marco Rubio totaling $10,779] COMBINED. Trump's tax cut plan is the biggest plan in the past century (maybe longer).

Trump's Tax Plan

• Simplify Tax Codes; Instead of having five brackets, President Trump will reduces the number of tax brackets to three, creating less tax burdens and less complexity.
• Doubling the Standard Deduction; Individuals and married couples will be able to deduct more when it comes to tax times.
• Repealing the Alternative Minimum Tax; This will deconstruct a hugely complicated part of the tax system.
• Lowering Capital Gains Tax; By lowing the tax from 23.8% to 20% more people will have more incentive to invest their money.
• Repealing Inheritance Tax; Repealing the "death tax" with put less burden on farmers and small businesses.
• Preserving Deductions for Mortgages and Charities
• Cutting Corporate Taxes; Reducing corporate taxes from a whooping 35% to 15% will make the United States look more attractive to businesses overseas. Thus, Trump will live to say he brought businesses back to the United States.

https://www.fool.com/investing/2017/03/17/everything-you-need-to-know-about-donald-trumps-20.aspx