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Matt Nye--When is Tax Reform Not Tax Reform? #3769

  • Broadcast in Finance
Financial Survival Network

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House’s New “Controversial” Tax Plan

Chairman of the Republican Liberty Caucus and Seasoned Political Activist Matt Nye uses his expertise to touch on Trump’s new Tax Proposal and what the impact would be on America.

The House Republicans’ new tax plan released by Rep. Kevin Brady (R-TX) proposes bold changes for tax reform — changes that have already been received with outrage by many groups. A number of industries and the small business lobby have come out against the bill, and the bill faces headwinds in both parties.

The bill, called the “Tax Cuts and Jobs Act,” puts forward extensive tax cuts for businesses, but many people are hazy on whether their own taxes would go up or down, given the complexity of deductions. What questions remain unanswered?