Here’s what small business owners can expect in Pres. Donald Trump’s administration.
TAXES TA XES One of his major goals is to simplify the entire system, including:
REDUCING 7 INCOME
BRACKETS TO 3 The three brackets:
Getting rid of the estate tax: Trump would repeal it and impose a capital gains tax on assets left to heirs above a $10 million threshold.
Trump has also proposed an overall business tax rate of 15%.
RE R EGU G UL ATION S Trump has vowed to place a temporary moratorium on most new regulations. Other specific plans include: Target regulations imposed by the
REMOVE ANTI-ENERGY REGULATIONS like the Clean Power Plan
2010 DODD-FRANK LAW Eliminate the controversial
2015 WATERS OF THE U.S. RULE
H E ALTHCARE A LTHCARE Repealing the Affordable Care Act is one of Trump’s signature platforms. Other efforts include:
Put healthcare decisions in the
$
HANDS OF THE STATES
Support access to
FEDERAL HEALTH SAVINGS ACCOUNTS
Make monthly premiums
TAX DEDUCTIBLE
I N F RA ST RUCTURE A ND J O BS Another of Trump’s priorities. He has proposed boosting job growth by: