federal deductions

October 2, 2017

The Trump tax plan doesn’t add up

President Donald Trump’s plan for deep corporate tax cuts could reduce federal revenue by $7 trillion over the next two decades, according to the nonpartisan Tax Policy Center.

Number of the Day

4,411,390 - Number of American citizens living in U.S. territories and the District of Columbia, meaning they have no representation in Congress. Except for D.C. residents, they can’t vote in presidential elections and don’t pay federal income tax. (Source: The Washington Post)