Donald Trump Tax Reform Proposal

The current tax policy in the United States is very confusing and it is very costly for our government to administer it. It is in the best interest of our country and its citizens to revise or replace our current tax policy.

This is a proposal to reform California's taxes. Instead of taxing Californians' businesses, which can just simply relocate to another state, California should tax mainly what can never leave its borders--its real estate. In addition, California should stop state income and sales taxes.

This is an issue that affects many people thus there is a multitude of literature on the issues of tax money being used for tuition. The literature ranges from an online to radio and through these mediums will provide the views on this issue. That range from the college and the use of funding from sports to the student.

The tax policy in the United States is very confusing. When the tax policy was originally written in 1913 it was four hundred pages. Now, over the past ninety one years, that tax policy has evolved to over 72,000 pages. Since the tax code has become so lengthy and nearly impossible to understand, the topic of tax reform has been in the minds of many. Although, most barely think about tax reform until tax season. It is a controversial subject due to the impact a change in tax code would have on the American people. The two most popular and widely known stakeholders in this debate are the two major political parties in the United States, the Democrats and the Republicans. The two parties share absolutely no common ground on the subject of

This tension will likely have effects on the timely manner in which healthcare legislation is passed, as both Democrats and Republicans will continue to argue over what mandates should be eliminated or added to any bill that comes before them. To address this, in January of 2017, Congressional Republicans passed a budget that would ease the passage of the bill meant to replace Obamacare. Specifically, the budget prohibits Democratic senators from filibustering to block future legislation. This addition to the budget is pivotal in quickening the bill’s passing as a Republican majority exists in the senate, 52-48, yet it requires 60 votes to end filibusters, a process that would involve countless days of wrangling votes. According to The Washington Post, President Trump has previously said that if Republicans splinter or slowdown in carrying out his agenda for health care, he will utilize the full power of the presidency to allow whatever healthcare bill that is created to be passed. Politicians such as Rep. John Yarmuth, D-Ky., argue that Republicans should name their efforts “repeal and repent” due to the harm that would be caused to over twenty million Americans who currently have coverage due to Obamacare. House GOP leader Steve Scalise of Louisiana said that the actions of Democrats should not be to protect Obama’s legacy, but to actually fulfill

Since early January, the GOP had already discussed the repeal, reform, and replacement of the Obamacare. The bill cannot be repealed until there is a replacement already in place. Another example, in the US News the Guardian, Jessica Glenza and Ben Jacobs reported on March 6, that despite the health advocates’ criticism, the House Representative Paul Ryan said “Working together, this unified Republican government will deliver relief and peace of mind to the millions of Americans suffering under Obamacare” (2017). It seems as if Mr. Ryan is desperately in search of some middle ground among Republicans where they all can agree and vote for the bill to pass. The Democrat Party and its followers have fought hard and loud to save the ACA pointing out the over 20 million people who now have health insurance through the Obamacare. Democrats have also indicated that the new bill would leave the most vulnerable population without healthcare coverage or may have to pay higher rates. Unfortunately, since the Republicans are a majority in the House of Representatives, the ACA may be at risk at being

Our live top marginal tax rate is 39.6% which would be kept there in the House bill, but the Senate bill seeks to reduce it down to 38.5%, which is favored by supply-side economic theorists who state that this reduction will let the economy grow.

An increasing cost in tuition prevents some students from pursuing a higher education. Such high college tuitions are unfair to the lower and middle classes who may want to receive a higher education. Preventing the financially unstable from receiving a higher education weakens the development of society in the United States. You should not have to be rich to receive a respectable education.

Due to the high cost of many colleges and universities, students are forced to borrow more and more money each year to pay for their education. The reason that student loans are so crippling to students is because the interest rates are very high. Students often take multiple years to fully pay off their student loans and this can negatively affect them when they make important life decisions such as buying a house or car. I believe the way to solve the issue at hand is to increase taxes for the rich in order to reduce interest rates for student loans in order to stabilize our economy and decrease the amount of debt college graduates are faced

There are many reforms that the two candidates have said they will do if they are elected president. The most important reform that I think they have talked about is about agriculture and what they will do it for it if they are elected. Trump has a committee that will help us understand and fix things for the communities of rural America. This committee that he has rounded together is going help solve issues of everyday lives of the rural communities. His administration is a pro - agriculture team. He said he will fight for the farmers and the ranchers that have had hardships and for the future hardships. Donald Trump's partner, Mike Pence is a big pro - agriculture for the midwest states. He will be very good at informing Trump on what there

Those who oppose free higher education claim the government will not be able to finance such a project and raising taxes would be equally as unsuccessful. Believing that limiting deductions for upper-income tax filers will only, “raise the cost of college even further and shift the burden to hardworking taxpayers” (Meckier and Mitchell). However, it has been proven that when the government invests in free education it generates more profit. The GI Bill that authorized the free education of two million veterans led to high

“If we reform the tax code in the right way,...we can grow our economy while encouraging work, saving, investment, and stronger families” (Lichtenberg). Rubio’s tax plan is to lower them and even remove categories (Ollenstein). Marco Rubio’s business tax plan will provide a “25 percent non-refundable tax credit to any business offering between four and twelve weeks of paid family leave” (Lichtenberg). Rubio’s tax plan provides a tax relief for all businesses by “slashing corporate taxes from 35 to 25 percent” (Ollenstein). For family and household taxes Marco Rubio would cut taxes, letting taxpayers keep more of their own money instead of sending it to Washington. Replace the standard deduction with personal tax credit. Eliminate the Marriage Penalty and the Alternative Minimum Tax (Lichtenberg). It provides tax relief to the middle-class parents and families by adding a “refundable Child Tax Credit of up to $2,500 per child”

Higher education costs have been increasing at a rapid pace, faster than inflation for the economy as a whole, for the past fifty years. It started in the 1960’s when the federal government passed the Higher Education Act to increase the amount of people able to afford and attend college. Regardless of the Unites States Government efforts to increase the affordability of college, federal aid programs have not risen to expectations due to the ever-increasing college prices. To lower the price of college, the government needs to cut back on student financial spending to go only to the lowest income families and create tax incentives for families to start saving up on their own.

Finally, Marco Rubio’s tax plan may not be the best one, but it is better than our current one because it cleans up the holes in the corporate tax. There is a lot of good stuff in his proposal, entitled the “Economic Growth and Family Fairness Tax Reform Plan.”(Judis). In his plan, it is suppose to clear up loopholes in the collective tax code, cut the federal corporate tax rate, move to a territorial tax system and erase taxes on capital growth and dividends, among other things. On the individual side, the plan would strengthen the code into two brackets: 15% and 35%. It would clear all itemized deductions save the mortgage and charitable deductions. It would take out the alternative minimum tax. In his tax plan there's no experimental evidence that the plan would actually lead to the makings of future taxpayers, Therefore most of the tax credits would go to parents

This is the mindset that I choose to declare in that education should be free of charge for anyone that is willing to study hard, dedicate time and commitment to better themselves in a desire to service the public. Education is critical for the survival for one's academic, social, and if necessary, political career. It requires a massive amount of money that it becomes an obstacle for many. According to Trade Schools, College, and Universities, more than $80 billion is spent each year by the federal government on post-secondary financial aid. In the 2012-2013 school year, that represented over 70 percent of all student financial assistance in the higher education sector. Indeed,