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Political economists and individual Americans everywhere are watching the upcoming election with bated breath.
Below is what he said.
Also see howanother Trump presidency could affect the middle class, overall.
This law brought substantial changes to the tax code.
In particular, the TCJA reduced thecorporate tax rate.
These same individuals also saw an increase in their standard deductions, further reducing their tax liability.
He also said its possible that Trump would widen the existing tax reductions, though only time will tell.
Of course, with every possible benefit comes a potential drawback as well.
Trumps ambitious plans include placing a60% tariff on Chinese goodsand 10% on all other global trading partners.
Regarding healthcare, Trumpsaidearlier this year, Were going to fight for much better health care than Obamacare.
Obamacare is a catastrophe.
Today, however, there have been calls for some significant cuts to Social Security andprice hikes for Medicare.
Ultimately, the experts can speculate and make predictions based on past trends and calls for future policy changes.
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