Trump’s latest suggested tax reforms would provide massive benefits to the ultra-wealthy and major business owners of the country, while providing modest benefits to middle-class and lower-class taxpayers. The philosophy behind the plan is a variation of “trickle-down” economics, which predicts that benefits for major businesses would increase hiring and economic growth, but is this a real variation of the original trickle-down economics plan that was the hallmark of Reagan’s presidency? And either way, can this work to bring economic growth to the nation? Trump’s New Tax Reform Trump’s new tax plan isn’t yet a complete piece of legislation, but the basics are already outlined. The most noticeable part of the plan is an intention to radically slash corporate taxes in several different forms, including a complete exemption of income earned overseas. Additionally, the plan would shrink the complexities of current individual tax rates to...(Read Full Article)