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His colleague at CNBC, David H. Faber, seemed skeptical.
Yeah, well, he wants tocut your taxes, continued Cramer.
It raises interesting questions aroundhow Trumps tax policies compare to those of his opponent, Vice President Kamala Harris.
It included many changes to the tax code, some small, some sweeping.
Most significantly for many Americans, the TCJA eliminated the personal exemption but doubled the standard deduction.
The TCJA also restructured theseven income tax brackets, lowering the effective tax rate for many earners.
In a boon for generational wealth transfers, it also doubled the lifetime gift and estate tax exemption.
On the business side, the TCJA lowered thecorporate tax ratefrom 35% to 21%.
Businesses and investors could also take advantage of bonus depreciation for accelerated tax write-offs.
Many of these tax changes are scheduled to expire by the end of 2025.
Harris has also proposed raising the corporate tax rate from 21% to 35%.
They both want to appear worker-friendly, yet economists have criticized the proposal as impractical.
Some go so far as to say that it helps big businesses over workers.
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