Trump’s tax plan: A boost to the economy?

President Donald Trump speaks to the National Association of Manufacturers on his new tax reform plan at the event. (Tom Brenner/The New York Times) (TOM BRENNER / NYT)

Question: Would President Trump’s tax plan boost the economy?

Bob’s Answer: YES
While there are some changes that must be made to the draft, individual tax rates would be simplified and corporations would see their top tax rate cut from 35 percent to 20 percent, allowing for more investment. Repatriation of funds will act as a stimulus as billions of dollars are sitting idle offshore. This enables the economy to grow closer to 3 percent versus below 2 percent during most of this decade.

For the full article by Roger Showley click here.

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.