Trump tax plan

The prospect of a fresh round of tax cuts next year is helping Donald Trump woo Wall Street donors but threatens to add trillions of dollars to the national debt.

These competing factions of outside advisors are offering sometimes conflicting plans on tariff hikes, China, health care and taxes.

The Club for Growth Foundation says its tax cut plan — and a corresponding push for deregulation — are aimed at bolstering U.S. manufacturing.

Whichever candidate wins the White House in November will have to contend with tax negotiations in 2025 with the personal income tax cuts in Trump's 2017 law set to expire unless Congress acts.

The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Donald Trump has expanded, according to new estimates from Congress's fiscal scorekeeper.

Economists in Donald Trump's circle are pressuring him to to embrace a 17% tax rate for all, and to hold the line on the state and local tax deduction.

Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.

Trump said that he would make sure that "tariffs on foreign countries go up" and that "taxes on American workers and families will come down very substantially."

Donald Trump plans to make permanent the 2017 individual tax cuts that he enacted as president while keeping corporate tax levels unchanged in an appeal to working and middle class voters should he retake the White House.

Given the size and number of tax changes proposed by the Biden administration, it’s no wonder advisors face challenges in helping clients prepare for the year ahead.