In short, Trump would like to. . .
o Reduce taxes across-the-board, especially for working and middle-income Americans who will receive a massive tax reduction.
o Ensure the rich will pay their fair share, but no one will pay so much that it destroys jobs or undermines our ability to compete.
o Eliminate special interest loopholes, make our business tax rate more competitive to keep jobs in America, create new opportunities and revitalize our economy.
o Reduce the cost of childcare by allowing families to fully deduct the average cost of childcare from their taxes, including stay-at-home parents.
Trump intends to simplify the tax code and with the help of a republican majority in both houses there is no reason why he can’t. There are only two kinds of people who wouldn’t want this, tax preparers and employees of the IRS. Both have had it their way for too long. Currently the tax code is over 67,000 pages long that contain over 10 million words. Nobody understands it and the loopholes are endless. Even tax and spend democrats can no longer defend the convoluted federal tax codes. It is way past time to overhaul it. ( I think I just heard some liberals actually applauding, but I won’t say who they are…Libby, Dewey)