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- The latest changes to Trump’s tax reform will probably pass through the congress
The latest changes to Trump's tax reform will probably pass through the congress
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Loading...The new changes to Trump's tax reform seem to be able to ease citizens once the administration has come up with new solutions today, this time more focused on households. The Democrats reacted mixed to the news, with the possibility of changes passing through the congress increasing with any correction on the part of the Trump administration. Here are the highlights of the report:
- We'll create a new tax credit for families up to $1,600
- We will cancel the alternative minimum tax.
"We will renew the tax on university donations to a much lower rate
- The state (Local Tax) will be up to $10,000.
- We will keep the tax relief on property acquired through a credit of up to $500,000.
The dollar remained relatively calm during the day, marking a slight decline against the euro, while the indices welcomed the news more volatile but kept the gains accumulated over the last few sessions.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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