President Donald Trump’s new tax plan could vastly reduce the amount paid by corporations and individuals across the U.S. However, crucial details of the new plan remain unknown, and the Trump Administration likely faces a difficult path to receiving the bipartisan support needed to implement these dramatic changes.
The last time I wrote about tax reform, Treasury Secretary Steven Mnuchin had yet to be confirmed and the best information available was from the Trump campaign’s tax plan released last September and the House Ways and Means’ June report (the House “Blueprint”).
