President Donald Trump Orders Taxes Lowered And Also Has The Poor To Middle Class In Mind With Many More Things To Help Them With Moneym reported by CNNMoney and NYT. This will give back to the poor to middle class and allow them to save alot more money per month and live better lives.
President Trump began an ambitious push to slash taxes and salvage what remains of his embattled legislative agenda in Congress this year, proposing a politically challenging array of tax cuts for individuals and businesses that would constitute the most sweeping changes to the federal tax code in decades. “This is a revolutionary change from Mr Trump To Poor to Middle Class, and the biggest winners will be the everyday American workers as jobs start pouring into our country, as companies start competing for American labor and as wages start going up at levels that you haven’t seen in many years,” Mr. Trump told hundreds of supporters in a speech at the Indiana State Fair Grounds.
CNN states of lower taxes being told by president trump. He is all for them : So far, President Trump wants to slash individual tax rates — cutting the top rate from 39.6% to 35% — and reduce the number of total rates from seven to three. He also wants to cut the top tax rate for all businesses to 15%, far below the current top rates. Lower individual income tax rates: The proposal calls for reducing the number of tax brackets from seven to three for individuals, which would be set at 10%, 25% and 35%. Today’s rates are 10%, 15%, 25%, 28%, 33%, 35% and 39.6%.
But here’s the thing: The White House has yet to specify how much of one’s income would apply, but under $35,000 is what is being targeted and will be a big cut for those people from President Trump to each of the three rates that Trump is proposing. So it’s impossible to say what the change would mean in dollars and cents for anyone, but its alot of money. This will give back to the poor to middle class and allow them to save alot more money and live better lives.