While we don't have a clear picture yet of what the Trump Administration will propose to Congress on individual tax policy, we have some ideas. If you run a business or corporation, you'll find much to like. If you're a middle-income taxpayer, there are slim pickings.
Much of the Trump plan -- what he's made public to date -- follows the Republican template: Cut taxes for big business and high-income taxpayers and hope the tax savings will trickle down to create jobs and economic activity.
That premise has never proven to work in real life. After a raft of tax cuts from the George W. Bush years, economic activity is still well under 3% and shows no signs of perking up. Trump's allies have said they can return the GDP growth rate to the 4% level.
