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Now that President Trump has been in office for a few months, we wanted to take this chance to review his official tax reform proposals that came out recently.
Before we dive in, it is important to note that, while tax reform remains high on the President's list of priorities, these are only recommendations at this point, and no official legislation has been proposed or introduced. It is also unclear how these changes would be funded.
Some of the key proposed guidelines released by the Trump Administration include:
Regardless of where you stand politically, major tax reform may be on the way. We will continue to provide updates as they are released. If you have any questions about how potential changes could impact your business, please contact our team today at (503) 697-4118.
Delap is one of Oregon’s largest local tax, assurance, wealth advisory, and information security consulting firms, located in Lake Oswego, Oregon.