Trump officially signed the US tax reform bill. What impact will this bill have on the United States? The Trump administration proposed a comprehensive tax reduction and revision of the tax law in the tax reform plan announced last Wednesday. It is estimated that once the plan is successfully implemented, trillions of dollars of benefits will be transferred from the lower middle class to the upper class in the United States in the next decade. Because the plan is obviously beneficial to the richest class in the United States, it is difficult to win the support of Democrats and unity within the party, and the possibility of passing the tax reform plan in Congress is decreasing.

The top influence of the top rich 0. 1%: tax reduction 14%, far exceeding other classes.

According to previous reports from Wall Street, the Trump administration's tax reform plan will abolish AMT (the second tax to replace the minimum tax and prevent the rich from evading taxes), inheritance tax, net investment income tax and property tax, and reduce the corporate income tax from 35% to 15%.

Wealthy entrepreneurs and hedge fund managers will save a lot of money by reducing the corporate income tax from 35% to 15%. According to the research of the Tax Policy Center, the top 65,438+0% families have obtained at least half of the enterprise income tax relief.

At the same time, the research of the Tax Policy Center also shows that nearly 62% of the people whose income is between $500,000 and $6,543.8+0,000 are paying AMT and will benefit from the cancellation of tax. However, only a small number of families with incomes below $6,543,800 will pay this tax, so abolishing this tax will hardly help the middle and lower classes.

Similarly, the abolition of inheritance tax is in the best interests of the richest families in the United States. The data shows that the people with the highest income 10% paid 90% of the inheritance tax, and more than a quarter of the top rich (1% with the highest income) paid the inheritance tax.

Trump said that he could have launched the infrastructure plan before the tax reform bill was completed. But he intends to stay until after the tax reform legislation, because it is "an easier one to achieve." People are satisfied with this, both Democrats and Democrats. As you know, we will get strong support from the Democratic Party in infrastructure.

* * * and the party tax reform bill will reduce the corporate tax from 35% to 2 1%, reduce the tax on small and medium-sized enterprises, and reduce the income tax brought back overseas by multinational companies. Reducing the personal income tax rate, especially the top one, almost abolished the inheritance tax. Tax reform hopes that enterprises will expand investment and production, stimulate employment and wages, and stimulate the economy. But at the same time, it has also been criticized as "robbing the poor to help the rich", adding to the already high debt of $20 trillion.