Olde Hornet
Well-Known Member
I will post any articles I see on the best investments and things to watch out for financially during the orange / vance regime.
Best investments and economics under the agent orange / vance regime?
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Olde Hornet
Well-Known Member
5 Ways a Trump Win Could Affect Your Finances If You Make Less Than $100,000 a Year
No Direct Tax Cuts
During Trump’s first term, he approved tax cuts for those with incomes in the top 1%. That did not help those who make under $100,000 a year. Chuck Warren, the host of Breaking Battlegrounds Politics Podcast, said that if Trump is reelected, those in that under $100,000 income bracket can expect to see more tax policies that do not benefit them.“If he gets reelected, we may see the continuation or expansion of such tax policies. While there could be some short-term tax reductions for middle-class and low-income earners, over time, their advantages could favor the rich and hence increase income inequality,” Warren said.
However, Dr. Jim Ronan, a lecturer in the department of political science at Villanova University, said there could be an upside when it comes to taxes for those making less than $100,000. “Based on the 2017 tax legislation, a further reduction in both the corporate and individual tax rates seems guaranteed. Therefore, those earning less than $100,000 would benefit from the individual reductions, and many would benefit from a potential increase to the Child Care Tax Credit.”
Olde Hornet
Well-Known Member
Lower capital gains tax, cuts to food benefits: What Project 2025 could mean for your wallet in a Trump presidency
- Project 2025, a collection of policy recommendations "for an effective conservative administration," proposes an overhaul of the federal government.
- The proposals include cuts to food stamps and federal student loan forgiveness programs, tax bracket changes and a rate cut for high-income investors.
- While some of the changes pitched in Project 2025 could happen via executive action, many would need congressional approval, which could prove difficult in a divided government.