RE: Change the tax code and the regulatory process
Posted on: November 14, 2016 at 08:18:33 CT
90Tiger STL
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Middle Class Tax Relief and
Simplification Act
An economic plan designed to grow the economy 4% per year
and create at least 25 million new jobs through massive
tax reduction and simplification, in combination with trade
reform, regulatory relief and lifting the restrictions on
American energy. The largest tax reductions are for the
middle class. A middle-class family with two children will get
a 35% tax cut. The current number of brackets will be reduced
from seven to three, and tax forms will likewise be greatly
simplified. The business rate will be lowered from 35%
to 15%, and the trillions of dollars of American corporate
money overseas can now be brought back at a 10% rate.