Resultados 1 a 4 de 4
  1. #1
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010

    Trump: 'maior redução de impostos jamais vista'

    26 Abril 2017

    O presidente dos EUA, Donald Trump, propôs nesta quarta-feira, 26, reduzir a alíquota do imposto corporativo e sobre os lucros das empresas, além de oferecer isenções fiscais aos americanos médios. O plano anunciado inclui ideias como simplificar as declarações ou reduzir impostos sem prejudicar o crescimento dos EUA.

    Um resumo de uma página de suas propostas foi divulgado pela Casa Branca, afirmando que Trump também quer reduzir o número de faixas tributárias de sete para três, dobrar a dedução padrão que os americanos podem reinvindicar em sua declaração de imposto de renda e revogar o imposto sobre heranças.


    Com relação às empresas, Trump propôs reduzir o imposto de sociedades dos atuais 35% para 15%.


  2. #2
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010

    Trump Calls for Deep Cuts in Business Taxes, Changes for Individuals

    Dominic Rushe and Ben Jacobs
    26 April 2017

    The Trump administration unveiled what it called the biggest tax cuts “in history” on Wednesday in a move that will simplify the US tax system, slash taxes for businesses large and small (including his own), eliminate inheritance taxes and set the president on a collision course with Congress over the likely $2tn-plus cost of the proposal.

    Critics immediately called it “basically a huge tax cut for the rich”.

    The plan would cut the US’s individual income tax brackets from seven to three (10%, 25% and 35%) and slash US corporate tax rates from 35% to 15%. “We have a once in a generation opportunity to do something really big,” said Gary Cohn, chief economic adviser to Donald Trump. “This is about growing the economy, creating jobs.”

    Cohn and Steven Mnuchin, the treasury secretary, were short on details of the plan that, if passed, would be the largest overhaul of the US tax system since the Reagan era. “We are moving as quickly as we can,” said Mnuchin.

    The announcement comes amid a continuing row over Trump’s own taxes, with members of his own party asking for him to release his returns before pressing ahead with tax reforms. He has long claimed he might release these documents at the end of what he says is a long-running audit, but Mnuchin said on Wednesday that Trump “has no intention” of releasing his tax returns to the public.

    As well as slashing costs for his own businesses, the new proposals will also cut the alternative minimum tax (AMT), a tax designed to stop the super-wealthy from taking so many tax deductions that they avoid paying anything. Leaked documents have shown that in 2005 Trump paid $31M in tax thanks to the AMT.

    Mnuchin and Cohn were pressed on how Trump would benefit from the proposals but avoided the questions. “What this is about is creating job and economic growth,” Mnuchin said. He described the proposals as “the biggest tax cut and the largest tax reform in the history of our country”.

    The president will not be the only Trump administration official to benefit from the tax cuts. His cabinet is the richest in history and includes several billionaires.

    The proposal also gets rid of almost all tax deductions, including those for state and local taxes. This creates a significant increase in taxes for residents of high tax states such as California and New York. It does leave in place existing tax dedications for charitable donations and home mortgage payments.

    Mnuchin refused to commit to whether the tax cuts would end up being revenue neutral, saying the administration was “working on a lot of details”. However, he felt confident that the tax cuts “will pay for itself through growth, reduction of deductions, and closing loopholes”. The treasury secretary did insist though that “the deficit is a problem and the president is concerned about that”.

    Trump has long heralded tax cuts, particularly on corporations, as a major component of his economic plan. In his joint address to Congress in February, the US president previewed his proposals, saying: “My economic team is developing historic tax reform that will reduce the tax rate on our companies so they can compete and thrive anywhere and with anyone.” He added: “It will be a big, big cut.”

    But on the campaign trail he also consistently pledged to cut the US’s $19tn deficit “big league” and “very quickly”. A 20-percentage-point cut to corporate tax rates alone would add $2.4tn to the national debt, according to nonpartisan pressure group Americans for Tax Fairness. Frank Clemente, executive director, called the proposal a “reckless” plan “for massive tax giveaways to corporations, the wealthy, and his own family” in return for adding trillions of dollars to the national debt.

    “So, how would Trump’s White House make up the shortfall? By drastic cuts to essential services and lowering the standard of living for regular American families. Unacceptable,” said Clemente. “The White House line that ‘tax cuts will pay for themselves’ is a lie that has been debunked repeatedly, including by the conservative Tax Foundation. We will fight this tax plan tooth and nail, and we’ll be joined by Americans of all political stripes in doing so.”

    The plan faces significant obstacles because of the need for Democratic support, and “reconciliation” rules that place strict limits on any tax cuts that result in increases to the deficit.

    The Senate majority leader, Mitch McConnell, indicated on Tuesday that Republicans would have to use the reconciliation process, which requires tax cuts to be balanced out with spending cuts. “I think it’s pretty clear we’re going to have to use a reconciliation vehicle because today’s Democratic party is very different from the Democratic party in the 80s,” McConnell said.

    In a joint statement with McConnell, his fellow Republicans House speaker Paul Ryan, House ways and means chair Kevin Brady and Senate finance chair Orrin Hatch gave cautious praise to the administration’s proposals. “The principles outlined by the Trump administration today will serve as critical guideposts for Congress and the administration as we work together to overhaul the American tax system and ensure middle-class families and job creators are better positioned for the 21st century economy.”

    Republican congressman Tom Cole, from Oklahoma, said he envisioned a “very complex” path forward on tax reform.

    Republicans, he said, had fallen behind the pace they wanted to maintain in tackling key issues, in part over the party’s failure to resolve the debate over repealing and replacing Barack Obama’s signature healthcare law.

    But Cole downplayed disparities between Trump’s tax plan and a separate proposal championed by congressional Republicans, saying the president was operating from a position that would give him more flexibility to find bipartisan support.

    “I think his bid is partly an effort to do that and stake out an independent position and not be tethered to where we’re at,” Cole said. “And that’s fine.”

    Among the looming differences are a controversial tax on imported goods, known as border adjustment tax, that House Republicans support as a means to offset lost revenue from lowering the corporate tax rate. Trump reportedly abandoned his support for the border adjustment tax, although his treasury secretary Steve Mnuchin did not definitely rule it out.
    “I don’t think it’s dead,” Cole said of the border adjustment tax. “I’m very worried about blowing a huge hole in the deficit.”

    By contrast, Democrats bashed the proposals. Senator Bob Casey of Pennsylvania, who is facing re-election in 2018 in a state that Trump won, said in a statement: “This scheme is a massive tax giveaway to millionaires, billionaires and big corporations at the expense of middle-class families in Pennsylvania. Dick Durbin of Illinois, the No2 Democrat in the Senate, said in a statement: “President Trump should release his own tax returns if he wants to have any credibility in a debate about America’s tax code.”

    One notable tax missing from Wednesday’s briefing was the “border adjustability tax”, a proposal to tax goods imported into and sold in the United States championed by Ryan.

    The tax was supposed to serve as a means to offset any loss in revenue from corporate tax cuts but ran into opposition from major corporate interests including retailers and automobile manufacturers.

    The plans have split experts. Hunter Blair, budget analyst at the left-leaning Economic Policy Institute, said the proposals were “basically a huge tax cut for the rich. ”

    “According to the Treasury, 43% of corporate tax is paid for by the top 1%. We have tried this supply side economics before; trickle down just doesn’t work,” he said.

    Chris Edwards, director of tax policy studies at the libertarian Cato Institute, said cuts in corporate tax rates in the UK and Canada had not led to lost revenues. “There is a huge amount of [tax] avoidance right now and a huge effort to park overseas. That money would come back if rates fell,” he said.

  3. #3
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010

    White House unveils dramatic plan to overhaul tax code in major test for Trump

    Damian Paletta
    April 26

    President Trump on Wednesday proposed a dramatic overhaul of the tax code, calling for sharply lower rates for individuals and businesses but also eliminating key tax breaks.

    The proposal is a one-page outline — key details are left incomplete — but it presents an initial offer to begin negotiations with lawmakers, as White House officials think reworking the tax code is one of their biggest priorities to boost economic growth.

    “We have a once-in-a-generation opportunity to do something big and important on taxes,” White House National Economic Council Director Gary Cohn said Wednesday.

    White House officials are ambitious, but the path to overhauling the tax code is riddled with political land mines. Many budget experts say they believe the White House’s plan would reduce federal revenue by so much that it would grow the debt by trillions of dollars in the next decade, growing interest costs and slowing the economy.

    And Trump’s advisers are looking to ax some tax breaks that are very popular in certain states, including the deduction Americans take for the state and local taxes they pay separately each year. Eliminating this deduction could save more than $1 trillion over 10 years but inflame lawmakers and governors in states that have high income tax rates.

    The central feature of the White House’s plan would be a big reduction in tax rates for virtually all Americans and businesses.

    It would eliminate the seven existing income tax brackets and replace them with three brackets, containing new rates of 10 percent, 25 percent and 35 percent, based on someone’s income. White House officials haven’t specified which income levels would hit the higher tax brackets, as they see that as part of ongoing discussions with Capitol Hill.

    It would also roughly double the standard deduction that Americans can use to reduce their taxable income. The deduction for married couples would move from $12,600 to $24,000. This would incentivize people not to itemize their tax returns and instead use the standard deduction, simplifying the process and potentially saving taxpayers thousands of dollars each year.

    The White House plan would eliminate the alternative-minimum tax and the estate tax, provisions that raise billions of dollars each year but have long been the target of Republicans seeking to rip up the tax code. Cohn, speaking of the AMT, said “we don’t think that people should have to do their taxes twice,” and added that the estate tax unfairly prevented farmers and others from passing along their businesses to the next generation.

    To offset some of the cost of the lower rates, Trump administration officials said they were proposing to eliminate virtually all tax deductions that Americans claim, provisions that they argued primarily benefited wealthier Americans. Cohn said they would preserve tax breaks that incentivize homeownership, retirement savings and charitable giving. But almost all others would be jettisoned.

    This includes the tax deduction people can claim for the state and local taxes they pay each calendar year. These taxes can be particularly high in states with higher income taxes, such as California and New York.

    “It’s not the federal government’s job to be subsidizing the states,” Mnuchin told reporters at the briefing with Cohn. “It’s the state’s independent decision as to do what they want to tax.”

    Some of the White House’s tax changes would benefit the wealthy, such as the elimination of the estate tax, while other changes would benefit the middle class and lower-income Americans.

    For businesses, Trump’s proposal would lower the corporate tax rate from 35 percent to 15 percent, and it would also allow smaller businesses, structured in such a way that they are affected by the individual tax rate, to also use the 15 percent threshold. There are millions of these businesses, known as “S corporations,” and they are often small, family-owned firms.

    But they can also include large law firms and lobbying shops. Mnuchin said special protections would be put in place to ensure that the 15 percent rate isn’t taken advantage of by the wealthiest earners, though he didn’t say how the White House would do this.

    The White House is also proposing a one-time tax “holiday” to incentivize companies to bring several trillion dollars currently being held in other countries back into the United States. They didn’t specify what that tax rate would be, saying its part of negotiations on Capitol Hill, but they said they believed providing this incentive would bring money back for investment and hiring.

    “We expect that trillions of dollars will come back on shore and will be reinvested here in the United States, for capital goods and job creation,” Mnuchin said.

    This process is called “repatriation.” It’s controversial, because critics allege the money is brought back and then paid out in dividends to shareholders, not used for hiring. But Democrats and Republicans have both been open to the idea of a tax holiday. The Obama administration proposed using one to bring money back into the United States that could be used for new infrastructure projects, for example.

    A key part of Trump’s tax plan during the campaign was to levy a tax or tariff against companies that move overseas and then try to sell their products back to U.S. consumers. Cohn and Mnuchin said they were still looking at alternatives on how to structure this idea, and it was not an element of the plan rolled out Wednesday. They said they found a plan embraced by House Republican leaders to be unworkable in its current form, but they are going to work with key lawmakers to see if adjustments can be made, Mnuchin said.

    That GOP plan, led by Speaker Paul D. Ryan (R-Wis.), that would have offset broad reduction in rates with a change in the way imports and exports are taxed, a proposal known as a “border adjustment tax.”

    Mnuchin also said White House officials were hopeful that their plan could win support from Democrats, but he said they were willing to forge ahead without them if necessary. They could use a special budget process known as reconciliation to pass the changes through the Senate with a simple majority vote, though this would be very difficult given how sharp they are planning to cut taxes. Mnuchin also said their goal was to make permanent changes to the tax code, but they would consider a shorter-term change if necessary to win political support.

    “This is what’s important to get the American economy going,” Mnuchin said. “So I hope [Democrats] don’t stand in the way. And I hope we see many Democrats who cross the aisle and support this. Having said that, if they don’t, we are prepared to look at the reconciliation process.”

    Ahead of the announcement, some Democrats were skeptical. Senate Minority Leader Charles E. Schumer (D-N.Y.), said members of his party would scrutinize the details, but he predicted the package could amount to major tax breaks for the wealthiest Americans and for businesses like those formerly run by Trump.

    “That’s not tax reform,” Schumer said on the Senate floor. “That’s just a tax giveaway to the very, very wealthy that will explode the deficit.”

    Speaking Wednesday morning on Capitol Hill, Ryan called Trump’s framework “a critical step forward in this effort.”

    “We’ve been briefed on what they are going to do, and it is basically along exactly the same lines we want to go,” Ryan said. “So we see this as progress being made, showing that we are moving and getting on the same page. We see this as a good thing.”

    Trump’s tax plan does have an advantage over Ryan’s and other plans, including those supported by some Democrats, that aim to be make up the forgone revenue. While there is broad bipartisan support for plans that cut rates but make up for it with the elimination of certain tax breaks or reductions in spending, coalitions have frequently fallen apart over where those savings should come from. Many public programs and exemptions and deductions in the tax system have broad popular support, or are defended by powerful interests.

    The trouble Trump has is that while his administration says the tax cuts will over time pay for themselves, Congress’s nonpartisan budgetary referees at the Joint Committee on Taxation won’t work off that same assumption.

    Because of the rules of the Senate, legislation that would result in more borrowing over the long term would be vulnerable to a Democratic filibuster, requiring 60 senators to advance the legislation. Republicans hold just 52 seats in the chamber, and absent those 60 votes, Trump and his fellow Republicans would only be able to pass cuts that would last for 10 years.

    After that time, the tax cuts would expire unless Congress takes action, setting up another fight over taxes.


  4. #4
    WHT-BR Top Member
    Data de Ingresso
    Dec 2010

    Trump's tax plan: Here's what it includes

    President Trump’s top economic advisers laid out an ambitious tax plan Wednesday afternoon that the administration contends will simplify the process for average Americans and “stimulate” business investment.

    Chief economic adviser Gary Cohn and Treasury Secretary Steve Mnuchin unveiled the first official details -- printed on a single sheet of paper -- of a plan Cohn called “the most significant tax reform legislation since 1986, and one of the biggest tax cuts in American history.”

    The document is mostly a series of broad principles under three headings: Goals for Tax Reform, Individual Reform and Business Reform. But there are a series of specifics laid out, including:

    • Would reduce seven tax brackets to three tax brackets: 10 percent, 25 percent and 35 percent. The previous top tax bracket was 39.6 percent.
    • Doubles the standard deduction for a married couple to $24,000. This change also means more couples will no longer need to itemize deductions, making the process of filing taxes simpler.
    • Repeal 3.8 percent ObamaCare tax “that hits small businesses and investment income.” The repeal of the Affordable Care Act tax comes as Republicans are trying to replace the law all together as part of a massive health care overhaul.
    • Lowers business tax rate from 35 percent to 15 percent.
    • Institutes “one-time tax on trillions of dollars held overseas.”
    • Repeals the estate tax, also known as the “Death Tax,” which applies to the transfer of property of a deceased person.
    • Repeals the Alternative Minimum Tax, which was enacted as a penalty on wealthy individuals.

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