Donald Trump's Tax Policy

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How Will Trump fix the Economy?

President Trump has a lot to fix in his tenure as President, but one of the most important things to do is fix the deficit in the government, and change the tax rates to benefit the people of the United States. Donald Trump needs to decrease taxes to the middle class and working class in order to bring back stability to the middle class and upper class.

           As Donald Trump reaches office he needs to create a tax plan to benefit the citizens of the United States and decrease taxes in the middle and upper class. In an article on salon.com it us said "Middle-class families in general will experience tax cuts around 2 percent, although this is nothing compared to the 13.5 percent cut for America’s wealthiest 1 percent." With this being said Donald Trump plans to lower taxes to the middle and upper class because he believes in can help stabilize the economy. In today’s society many people who make over $300,000 a year are taxed upwards to about 40 percent. Donald Trump plans to lower those taxes by 13.5 percent so the upper class can keep more money, because right now that is just not fair. Also, with the middle class feeling the effect of that he lowers taxes for them to bring more stability to that class and keep them out of the lower class.

President Trump has declared his options on how to approach the tax problems in the United States, but the real question is when they will go into effect. In an article from CNBC, the article said “Still, those hoping for tax reform will likely have to wait months, at least, for it to get done. Due to the congressional budget process and political realities, Trump may not sign tax policy into law until late this year or even next year, experts said.” With this being said Donald Trump’s tax plan might not go into effect until a while. With his presidency he declared change imminent, but in reality it might be longer than expected. We have an idea of what Trump will do with his household taxation philosophy, but a pivotal part of his presidency is going to be the taxation he imposes on corporations.