IDEAS home Printed from https://ideas.repec.org/a/clh/commun/v9y2017ipt7.html
   My bibliography  Save this article

Tax Policy Trends: Republicans Reveal Proposed Tax Overhaul

Author

Listed:
  • Philip Bazel

    (University of Calgary)

  • Jack M. Mintz

    (The School of Public Policy, University of Calgary)

Abstract

REPUBLICANS REVEAL PROPOSED TAX OVERHAUL The White House and Congressional Republicans have revealed their much-anticipated proposal for reform of the U.S. personal and corporate tax systems. The proposal titled, “UNIFIED FRAMEWORK FOR FIXING OUR BROKEN TAX CODE” outlines a number of central policy changes, which will significantly alter the U.S. corporate tax system. The proposal includes a top federal marginal rate reduction for the sole proprietorships, partnerships and S corporation—small business equivalents— from 39.6% to 25% (state income tax rates would no longer be deductible). Large corporations would also see a meaningful federal rate reduction given the proposed drop in the federal corporate income tax rate from 35% to 20%. Additionally, the proposal includes a generous temporary measure intended to stimulate investment, full capital expensing for machinery with a partial limitation of interest deductions.

Suggested Citation

  • Philip Bazel & Jack M. Mintz, 2017. "Tax Policy Trends: Republicans Reveal Proposed Tax Overhaul," SPP Communique, The School of Public Policy, University of Calgary, vol. 9(PT7), October.
    • Handle: RePEc:clh:commun:v:9:y:2017:i:pt7
    as

    Download full text from publisher

    File URL: https://www.policyschool.ca/wp-content/uploads/2017/10/Tax-Policy-Trends-Bazel-and-Mintz-Final.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:clh:commun:v:9:y:2017:i:pt7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bev Dahlby (email available below). General contact details of provider: https://edirc.repec.org/data/spcalca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.