Trump Tax Reform To Be Significantly Watered-Down: Goldman - InvestingChannel

Trump Tax Reform To Be Significantly Watered-Down: Goldman

“As has been leaked previously, the tax plan is anticipated to disclose a 35% individual tax rate (although Congress may push it higher), a tax rate on corporations and pass thrus that will be around 20% and 25% respectively, while doubling the standard deduction to $12,000 for individuals. … In other words, for all the hype, the final Trump tax cut – if it passes – will be a pale shadow of its initial proposal.”