The recent election of Donald J. Trump as the next US president, combined with renewed Republican control of both the House and Senate, has created the possibility for the broadest tax reform the country has seen in decades. Mr. Trump has made numerous proposals, both on the campaign trail and through his campaign website, that would overhaul and simplify the current US tax code. However, it is likely that some of these proposals will be modified or omitted in any legislation drafted by Congress. The following summary presents the most updated tax reform initiatives put forward by Mr. Trump.
For more information on Mr. Trump’s proposed tax law changes and how they might affect you or your business, please contact your Bennett Thrasher representative by calling 770-396-2200.