The much promised tax reform

Is touted as the most comprehensive tax reform since the 80s.
Leading the proposed changes is a 15 percent reduction in corporate income tax.

As for the individual tax — the front runners here are:

  • eliminating inheritance tax and
  • eliminating the deduction for state and local taxes.

But the much promised tax overhaul is being marred by feuds.

The proposed tax reform plan has attracted some high profile critics, such as Warren Buffett.
Buffett thinks that a lower corporate tax would not help our deficit.

In Congress, divisions among the legislators do not mark this as an auspicious beginning for the tax reform.
There is a lot of talk about Adult care center, Liddle  Bob. And more of the same.

Amidst these and other similar Washington “grown-up” talk the tax reform is slowly moving.
If moving at all.

Let’s hope it doesn’t take the same “route” as the Affordable Care Program.

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Mariana Fieraru
Mariana Fieraru, an Eastern European transplant, fell in love with her new home shortly after landing in New York. She "discovered" pizza! Years later she still loves pizza. And so do her two feathered-kids, Sunny and Flipper

Mariana worked on both, the east and the west coast.
Big or small, each project she worked on helped define the importance of gaining and sustaining a competitive edge in an increasingly complex business environment.

Business know-how, love of teaching and writing – all combined in 2006 to form OBI.
Its mission: to make learning fun! And easy.

Through its training, consulting, and publications OBI builds bridges of knowledge to take you from where you are to
where you want to go. Using a mix of serious, informal, analytical, and optimistic approach, OBI truly makes learning fun.

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