President Trump’s Tax Proposals

Tax positions of a candidate are aspirational, and the newly-elected president will need to work with Congress to implement tax changes. In a summary comparing the outline of the tax reform proposals the Trump administration released on April 26, 2017 and the proposal the House GOP put forth in June 2016, it addresses the topics that are most relevant to high income and high-net worth taxpayers. As stated at the April 26 press conference, the Administration’s proposals are at the beginning stage of a process to develop a detailed tax plan.