Student Professor Course Name Date Tax Reforms The tax reform bill named the Tax Cuts and Jobs Act passed by the House of Representatives on 16 November 2017 and approved the Senate as on December 2nd 2017 proposes a wide array of reforms which I will outline and discuss in detail. This proposed bill has had enough amendments and is an advanced stage it can be tabled to the Congressional Budget Office for systematic analysis on its impact to all citizens as there is a very diverse opinion is an impact to the wealthy middle class and the poor class. The tax reform bill aims to promote economic growth while creating millions of jobs through a simplified burdensome tax code. The proponents argue that the tax reform will generate relief to American families and lower the tax rates of business which is currently among the highest in the fairer and easier to understand. The bill is intended to give local citizens pay rise and allowing them to keep their income. The tax reform will further level the playing field for American based and multinational corporations while at the same reducing the tax rates of foreign and offshore earning to be reinvested in the economy. Works Cited Graetz Michael J. "The Known Unknowns of the Business Tax Reforms Proposed in the House Republican Blueprint." Colum. J. Tax L. 8 (2017): 117. Mintz Jack M. and V. Balaji Venkatachalam. "Tax Policy Trends: Small Business Tax Cut not Enough–US Tax Reforms will make the US more Attractive for Start-Ups." SPP Communique 9.PT9 (2017). Rubolino Enrico and Daniel Waldenström. "Tax progressivity and top incomes: Evidence from tax reforms." (2017). Stanford Jim. "US private capital accumulation and Trump’s economic program." (2017). 12 Whalen Richard Christopher. "Financial Regulation in the Era of Donald Trump." (2017). 23 [...]
Hello, It is a 3 page paper, typed, double spaced with an additional 4th page for references. A minimum of 5 references should be used. The paper can be on tax reform (on specific provisions of tax law and how they are going to change, such as corporate earnings repatriation or the state and local tax deduction) or it can be on tax planning (such as payroll tax savings via S corps, the domestic production activities deduction, the research and development credit, etc.). The paper has to be understanding and not filled with big words. NO PLAGIARISM. Must use 5 references.