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Tax alert: President Trump’s tax reform outline calls for dramatic tax cuts and simplification

May 1, 2017 Article 1 min read
Authors:
James Minutolo Michael Monaghan George Riddering Robert Shefferly III
President Trump has unveiled a tax reform outline — the “2017 Tax Reform for Economic Growth and American Jobs.”

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The outline calls for dramatic tax cuts and simplification. According to White House officials, the President’s proposals set out broad principles with specifics to be hammered-out in coming weeks. This briefing presents a high-level overview of the President’s proposals, including changes that could impact both businesses and individuals.

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The information provided in this alert is only a general summary and is being distributed with the understanding that Plante Moran isnot rendering legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly,assumes no liability whatsoever in connection with its use.©2017 CCH Incorporated and its affiliates. All rights reserved.

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