The campaign of Donald Trump finally released its tax plan amid great pomp at the Trump Towers but offered little in the way of new policies. The plan calls for slashing the number of tax brackets and cutting the top rate to %25 while allowing those with incomes under $25,000 to live tax free. In addition, the plan calls for the end of the estate tax and alternative minimum tax while allowing companies to pay a onetime fee to repatriate funds from outside the United States that might otherwise be taxed. However, aside from one over the top requirement that requires non taxpayers to send “I win” forms to the IRS, the plan offers little in the realm of new policies although it firmly entrenches Trump’s rightward shift from his more liberal positions. Only time will tell if the policy proposals will help propel Trump to Washington.
See Russell Berman, Donald Trump’s Amazingly Conventional Tax Plan, The Atlantic, September 28, 2015.
