On February 9th, President Donald Trump made the following promise:
“We’re going to be announcing something over the next, I would say, two or three weeks that will be phenomenal in terms of tax.”
Now, say what you will about Trump’s presidency, but to date, he’s followed through on his promises. He said we’ll have a wall? We’re getting a wall. He said he’d keep terrorists out? He’s enacted sweeping — and potentially unconstitutional — immigration reform. Twice. He said he’d drain the swamp? He…well, two out of three ain’t bad.
But where’s the tax plan? Drastic individual and business tax cuts were a huge part of Trump successful campaign, but in the first 50 days of his presidency, he has produced nothing.
What’s the holdup?
Authored by Tony Nitti, Withum Partner and writer for Forbes.com.