In this episode, I discuss President Trump’s tax plan. As of now, only a one page summary has been released, so many of the details are forthcoming. However, we know that Trump is proposing a 15% corporate income tax rate, versus the existing 35%, and is proposing three personal income tax brackets versus the current seven. I discuss some other features of the proposal as we know them so far. I also briefly discuss the Congress averting a government shutdown and the Bret Stephens New York Times controversy.

Suggested Reading/Referenced Articles:
“The 1-page White House handout on Trump’s tax proposal” – CNN
“David Stockman: Trump’s tax plan is ‘dead on arrival’ and Wall St. is ‘delusional’ for believing it” – CNBC
“Schumer urges Trump administration to keep tax deduction” – Newsday
“Congress Reaches Deal To Keep Government Open Through September” – Zero Hedge
“Climate of Complete Certainty” by Bret Stephens – New York Times
“Twitter Proves New NY Times Columnist Bret Stephens Right About ‘Nasty Left'” – Mediaite

Episode 49 – Trump Tax Plan