WrapManager's Wealth Management Blog
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An Initial Look at Trump’s Tax Reform Framework

Posted by Michael J. O'Connor | CWS®, Vice President Investments

September 28, 2017

After campaigning hard for the importance of tax reform, President Trump and his advisors released an early stage tax code change framework on Wednesday, September 27. From his podium in Indianapolis, IN, Trump explained that his framework would cut taxes for businesses and individuals and potentially deliver a “middle class miracle.”[1]

As he put it, “…we will cut taxes for the everyday, hardworking Americans…”[2]

While the House and Senate will still have significant work to do to in order to finalize the tax plan and craft new legislation, the initial review of Trump’s framework has some substantial changes to the current tax law, which could represent the largest tax reform change passed in 30 years.[3]

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