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“A second Trump presidency could affect middle-class finances through potential tax policy changes,” Pace said. “During Trump’s first term, the Tax Cuts and Jobs Act (TCJA) of 2017 offered ...
The law, which is set to expire next year, changed the federal tax code in several ways that affect the middle class. “President-elect Trump’s tax plan is designed to provide much-needed ...
If he were to win an extension of the 2017 tax cuts, it would mean the standard deduction would remain at elevated levels, rather than being rolled back — something that could help the middle class.
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
“Assessing the Trump administration’s tax cuts from an economic standpoint is crucial when considering the middle class in key states,” said Hector Castaneda, CPA, principal at Castaneda CPA ...
Trump and Republicans have asserted that the corporate tax cut in the Tax Cuts and Jobs Act would cause employers to pass their tax savings on to workers in the form of wage increases, while critics predicted companies would spend most of the savings on stock repurchases and dividends to shareholders. Early evidence appeared to confirm the latter.
Palen, Marc-William. "The Civil War’s Forgotten Transatlantic Tariff Debate and the Confederacy’s Free Trade Diplomacy.” Journal of the Civil War Era 3#1 (2013), pp. 35–61, online. Paskoff, Paul F. "Measures of War: A Quantitative Examination of the Civil War's Destructiveness in the Confederacy", Civil War History (2008) 54#1 pp 35 ...
The biggest piece of tax legislation passed during Donald Trump's presidency was the 2017 Tax Cuts and Jobs Act (TCJA), which increased the standard deduction, lowered corporate and estate tax ...