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Brad Tinnon

Articles of Interest: [Breaking News] Tax Reform Part II

This week’s Articles of Interest is a continuation from last week’s article. Last week I shared an article that discussed the tax reform plan released by the House. This week, the Senate unveiled a plan of their own which differs from the House plan. Today’s article from WealthManagement.com is titled Everything You Need To Know About The Senate GOP Tax ProposalIn the article, Erik Wasson and Sahil Kapur discuss the differences between the House and Senate Plan.

While there are some major differences, it appears that neither plan effectively helps small businesses. Large corporations are the real benefactor here. They get a top tax rate of 20% while many small businesses will still see top tax rates of up to 39.6%. This is unfortunate as small business drive the majority of employment in our country.

Stay tuned as I’m sure this tax reform bill will continue to change. We will be sure to keep you informed. 

I hope you enjoyed this weeks’ Articles of Interest. Please feel free to share any comments, questions, or experiences you have below. 

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Brad E.S. Tinnon

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