Trump Unveils Plans For Massive Tax Cut Benefiting The Working Poor In US

United States President has begun closing his first hundred days in office by unveiling his tax simplification plan which primarily benefits low to middle income wage earners to much outrage from socialists as it favors the working poor over the dependent poor. Key points of the reform include a doubling of the standard deduction which would help to catch that figure up with the actual inflation of the United States dollar. It means a member of the working poor would have been able to earn up to $12,600 in 2017 before any of their income became taxable.

Trump's tax reform as unveiled also proposes an end to numerous special interest tax deductions targeted to the dependent "makework welfare" class preserving only the deductions for mortgage interest and charitable contributions.

Other assorted reforms include a reduction of personal income tax brackets from 7 to 3. On the business side a reduction of the business tax rate to 15%, and numerous simplifications would offer substantial relief to independent contractors and small business owners.

While these reforms proposed by Trump would offer an improvement to working Americans over what they face now, they are still a far cry from the enlightened tax policy of the sovereign, The Most Serene Republic.

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