Money

What Trump Victory May Mean For Business

Posted on November 9, 2016

Photo: Gage Skidmore via Wikimedia Commons
Photo: Gage Skidmore via Wikimedia Commons
Trump's economic plan involves cutting taxes, eliminating regulations, and overhauling trade deals. Doing so, he says, could help grow the economy at a 4 percent clip. (Currently, the U.S. GDP is growing at an annual rate of around 2 percent.)

Under Trump's tax proposal, top earners—taking in more than $699,000 a year—would see average annual tax reductions of about $215,000, according to an analysis by the non-partisan Tax Policy Center.

Companies could see an even bigger payoff. He'd reduce the corporate tax rate to 15%, from where it stands now at up to 35%. Many small businesses operate as limited liability corporations, sole proprietorships, and S corporations, which are all pass-through entities. It's not clear which pass-through entities would be eligible for the lower rate.

Inc. article here

Related Topics: business management, business trends, Donald Trump, economic outlook, election, financial planning, industry politics, industry trends, taxes

Comments ( 2 )
  • Chuck Cotton

     | about 2 years ago

    I'm very encouraged with the upcoming administration to enforce our transportation laws and have the new AG investigate the concerted criminal conspiracies of Uber and Lyft. Joe Jordan and myself filed complaints to both AGs Holder and Lynch to no avail. Why? Obama has the lid on all his administration because of his former campaign manager, David Plouffe, Uber's Sr. VP. It is much like the Clinton corruption coverup from criminal investigations. Plouffe is still Obama #1 confidant and a BOD of the Obama Foundation. The White House cronies including former chief of staff, Rahm Emanuel, now mayor of Chicago and brother ARI, major investor of Uber have stonewalled all enforcement against these criminal enterprises from their inception. Uber has hired six Wash. lobby firms to lobby their tainted, rigged legislation to Congress and Trump to deregulated the livery industry. As most of you know, I comment against Uber and Lyft on national media articles everywhere I have not been censored. I forward such comments and articles to Trump as I have one of his personal emails and keep him abreast of the horrific violations of these app companies. When he first announced his candidacy, I predicted he would win by a landslide in the electoral votes. and if he did win, he would take action against the largest criminal conspiracy to ever occur in America. I believe he and Trey Gowdy, the expected new AG, will. I ask our entire industry for their efforts in helping rid the streets and highways of these illegal operations and drivers.

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