Even critics of Donald Trump's tax cuts concede that the president likely wins this fight. But victory rarely resembles the initial plan. Though assuming anything in this presidency relegates one to the ranks of fools, Trump slashing the top rate of 40 percent to 35 percent looks like a much better than even bet. The draconian taxes on businesses, too, appear ready for a reduction, albeit one perhaps less ambitious than outlined. The part of the plan on the shakiest ground looks like the estate tax, dubbed, for as long as one remembers, as the death tax in Republican circles.
Read Full Article »