Trump's tax reform plan unveiled by Treasury Sec’y Steve Mnuchin, National Economic Dir. Gary Cohn

Trump administration holds news conference to discuss the president’s plan for tax reform.

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[Shiro]

This is at least a very good historical experiment. Let's see what happens.

[Muahxoxo]

Gary sounds like a 5th grader reading a report 😂

[towerdragon]

while im all for lower taxes Asking 30 Billion for a wall and Lower taxes dont add up period

[luckyjude]

Trump's paid 38 million in one year. Name a president whose paid more or one who
doesn't accept the president's salary? I don't care about Trumps taxes...I care about
mine!!!  This tax reform will put more money in my pocket.  Thank You President Trump!!!

[maryjo]

I don't care about his taxes! But I do care of #podesta & 🍕 gate

[DavidJohnsick]

The algorithm is all political on media search and I can not load this on Facebook.

[Oli_Olberius]

Sound cuts off for one of the most important parts of the address. Dislike.

[dustins]

I feel as though most of what this new tax plan is proposing still focuses mainly on the benefits these new tax plans give to businesses, rather than the actual American People. The entirety of the corporate tax plan hinges on the lowering of taxes to try and entice companies to spend more money within the United States. However, this plan has no benefits nor guarantees towards the actual people who work for these companies, as it depends on the top levels of these companies trickling down the tax benefits to the lower levels.

We've all seen what happens with "trickle down" economics with the Bush administration, it doesn't work because the money stays at the higher levels. In addition, covering homeowners may be a good benefit, however what about states where many of the individuals do not own homes? Elimination of personal tax deductions don't help the average American person because those are the only kinds of deductions many middle and lower class Americans hold.

The push towards increasing capital gains for businesses. Why? This focus pushes the drive for the economy on bigger businesses and grants them even better tax situations because of this. This model pushes more for bigger business rather than the actual American public.

The propositions just seem to work towards helping corporations and big banks on Wall Street, and the assurance of receiving "trillions of dollars" when you don't actually have a solid plan does not feel like a sound platform. If these people really were honest, they'd say they were pushing the agenda of business, because truly none of what has been proposed benefits the American people directly, rather the businesses that are run on the backs of the American people.

[gordoncacioppo]

I'm a CPA (and damn proud of it), I've done my fair share of tax returns...put simply... this tax plan would be a huge payday for the upper-middle and upper class. Basically another "fuck you" to hard working middle class Americans​. I find it hard to believe that struggling middle class families are making donations for the tax benefits...

[UncleSam_]

The United States might cut taxes in federal and state government. Taxes are too high and we want the return of 35% in our pockets.

[jollyroger]

Tax cuts paid for by reducing tax deductions. It's a lot less protectionist than using a border adjusted tax or a tariff. So it's less certain whether the corporate/SME tax cut will translate into more jobs or not.

[davidsong]

Great news. Cut the damn tax. More jobs for everyone.

[MelissaMaiga]

taking suggestions from businesses and corporations but not individuals?

[Spanosmusic]

Oh, this is good, thank God, Wall St. is going to give us tax reforms. I'm sure the interest of Main St. is a high priority for these former Goldman Sachs employees.

[kaccord]

I need tax break...i only got 14 dollars back..🤦🏻‍♂️💩🤷🏻‍♂️and i was going to use the money to pay off stuff...how can we get ahead if they take all that money..well i just hope my 1700 hard worked earned money goes to something good

[Wintergin]

First seeing, the believing. Although Death Taxes and lowering will solve the US issues partly. Next up should be loans and interest reform.

[jollyroger]

Sounds promising. Looks like the border tax bit the dust. But the corporate tax is a big step in the right direction for the jobs. Wonder if there'll be any tariffs in the end?

[TheSuperStarCarWash]

How much longer until the plan is official & implemented? I'm waiting until its in action before launching another detailing business. Hurry!

[Watchinthefoolshere]

Cuts for married and with kids. E.I.C. nets thousands for those who pay in a few hundred because they have kids. What do single without dependents get? They get to pay for everyone's kids.

[rcsubedi]

WTF has happened to Steve's face!