Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Donald Trump reveals more details of his scaled-back tax plan


Republican presidential candidate Donald Trump put new details on a much scaled-back tax plan on Thursday, one that is projected to cost the federal government less money but also to deliver fewer benefits to taxpayers than Trump’s original proposal.

Trump’s economic team estimated that the complete tax plan, combined with rollbacks to some federal regulations and new initiatives to open up more public and private lands for oil and gas drilling, would deliver 3.5 percent growth per year for the next decade and produce 25 million new jobs.

The changes also appear to be an attempt to reduce what analysts had predicted would be a $1 trillion annual hit to federal tax revenue under Trump’s original, budget-busting plan.


Reader Comments(0)


Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021