By Paul Kane | American Conservative Reporter The American people are getting fed up with a broken tax code, and Donald Trump is no exception.
On Monday, the president announced his latest proposal to fix the system.
His plan would increase the top marginal tax rate from 35% to 39.6% and eliminate the estate tax, a progressive tax on estates worth over $5 million.
The plan is also aimed at reducing the corporate tax rate to 15% from the current 35%.
This means that businesses can now pay the same tax rate as workers, as well as pay their fair share of income taxes.
But there are some big differences between the two proposals.
The first is that Trump’s plan would actually lower tax rates on all income groups.
The current corporate rate is 35%, and the standard deduction is $10,000.
Trump’s tax cuts would lower the top rate to 21%, while lowering the top personal tax rate by more than 20%.
This would mean that the wealthiest Americans would pay about half the tax they do now.
The second major difference is that the president’s plan does not allow individuals to deduct their state and local income taxes, which is a huge boon for those who are in states with high taxes.
This would leave many working-class families who rely on public assistance to get by in poverty.
It would also make the proposal particularly regressive: Trump’s proposal would make individuals in high-tax states pay more taxes than those in low-tax areas.
As the Huffington Post’s Jessica Taylor has written, the richest Americans would get about one-third of the revenue that they would otherwise receive under a typical middle-class tax plan.
It’s a pretty big deal, but it’s not the only thing that’s going to be affected.
The Republican Party’s agenda would also lose some votes.
The president’s proposal is far more regressive than most Republican proposals in recent years, and it would also disproportionately benefit the wealthy, as Vox’s Dylan Matthews has explained.
Trump has long promised to be a big tax cuter, and his plan could be his most ambitious yet.
But it’s also a big mistake.
It doesn’t go far enough to address the economic and fiscal crises that the middle class is facing, particularly if the Trump administration’s plan is adopted.
The most important thing the Trump plan could do is to bring our economy back to the pre-crisis status quo.
It could provide a solid economic stimulus to help revive the economy.
It can also help ensure that we can have more prosperity for future generations, while addressing the real economic challenges facing our country.
But in order to do that, the tax plan needs to be the most progressive of any proposals that the Trump Administration has offered.
It should include the elimination of the estate and personal tax deductions, as this proposal does, as also many other tax breaks that benefit the rich.
It also needs to raise revenue from the wealthy to pay for its tax cuts.
While the president has promised to increase taxes on the rich, the plan does nothing to make the rich pay more.
It simply takes a tax cut to the rich and then takes the tax cut away from the middle- and working-income people who currently benefit from this tax break.
It is clear that the Republican Party has a lot of work to do to convince Americans that the policies they want to pass are the right ones for the country.
If you’re a Republican, please contact your members of Congress today and urge them to support this proposal.