With much ballyhoo, and a ton of questionable analysis and sales pitching being done on the Trump Administration's tax proposal, here are some valuable resources to help you gauge the impact of this tax plan on you, your family, and the nation at large.
We're pretty sure we didn't have to tell you the tax plan being floated by the Trump administration was going to be bad for most all of America, even Trump University grads, but this article from Forbes points out how just two of the proposed changes will impact the elderly, younger disabled people, and their families. Read more here.
Even better, read the Institute on Taxation and Economic Policy report on the Tax Cuts and Jobs Act, recently released by the House of Representatives. Unless you are part of the richest 1%, you will want to read this.
Renu Zaretsky of the Tax Policy Center has a great piece pointing out even more flaws (if you thought any more could possibly exist) in the Tax Cuts and Jobs Act. This is your must read material of the week, right here.
Regardless of your political bend, the math is pure and simple: this tax plan is a giveaway to the corporations, and does no favors to the middle class and beyond. Knowing how this plan, especially if it manages to pass, will impact you is vital. Do your homework.
Tax, business, and consumer news and opinion. Curated and/or written by the HFG staff.
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