When will the biggest tax cut in 30 years signed by Trump come into effect?

On the 22nd, Trump signed the largest tax cut bill in the United States since 1986. The bill will come into force in January 2018. Speaking at the signing ceremony, Trump said it was a bill that would benefit the middle class and create jobs.

At the signing ceremony, Mr. Trump said it was a bill that was good for the middle class and job creation. FX678 quoted foreign media reports that the Senate and House of Representatives of the United States Congress passed the bill on the 20th, but the Democrats were unanimous and voted against it.

This bill is an important legislative achievement in Trump's first year in office. According to the bill, the U.S. federal corporate income tax rate would be reduced from the current 35% to 21%. In terms of personal income tax, most of the rates have decreased.

The Senate and House of Representatives of the US Congress passed the bill on the 20th, but all the Democrats voted against it. This bill is an important legislative achievement in Trump's first year in office.

Under the bill, the U.S. federal corporate income tax rate would be reduced from the current 35 to 21. In terms of personal income tax, most of the rates have decreased.

According to the preliminary report of the US Senate and House of Representatives Joint Committee on Taxation, the bill will increase the US federal fiscal deficit by $1,46 trillion over the next 10 years, driving an average annual increase in economic growth by less than 0,08 percentage points.

Obama's deadline for work has not yet arrived.

After the tax cut, the US fiscal revenue deficit will have to print money. There are three main places where the money from multi-printing goes.

A part of the inflow of **, raised**, raised the bubble, and fueled the fire of the stock market crash in the future, and the people of the United States and the international community were unlucky when the financial crisis came, and Wall Street made a fortune. Part of the money to buy a large amount of energy, raw materials, raise the international energy and raw materials, global inflation, poor countries are getting poorer, except for the United States, other countries are sheared by the United States, Wall Street is rich again. The last part of the money is lent to other countries, and then Soros and his ilk have another dollar crisis against other countries, and some of the affected countries are busy in vain, in addition to working for Wall Street, they also have to take on a large amount of debt, and there is no hope of getting out, and Wall Street is rich again.

Therefore, now the major powers are stepping up de-dollarization, and the United States is trying to see the dagger at the end of the day, stepping up to create turmoil, suppressing countries, and profiting from it. If this plan fails, then the client state that follows the United States will be unlucky, and then you will see the client state rebel, because when the boss is hungry, he can't only grab his food outside, and you should be careful as a subordinate of the United States! Ha ha!

1) Trump believes that the tax cut package is designed to "level out the bowl of water" as much as possible. Fairness and justice are the fundamental embodiment of social civilization and progress, and they are also the basic criteria for our conduct and work. Only by "leveling a bowl of water" can we win the hearts of the people.

In the United States, the majority of lawmakers, the poor, the middle class, and the rich have expressed their support, and the social response has been very positive. This is not easy in a pluralistic society.

2) Trump believes that money is like water, and where there is interest, go there. Trump's tax reform plan has created a "depression effect" for the United States, allowing water to flow in the surrounding area. After the tax reform, the tax revenue of US enterprises will be reduced, profits will inevitably increase, investment funds for expanding reproduction will increase, funds from enterprises around the world will be diverted back to the United States, and American companies will gradually withdraw from foreign markets and return to their motherland.

In the future, the tax base will increase a lot, and the less tax collected by the federal ** can be hedged.

No matter how many potential problems this bill has, it is difficult to say whether it will succeed or not. However, in the near future, the world's balance of payments, foreign exchange reserves, exchange rates, etc., will have to change dramatically. No one is against the trend.

It is not impossible to sail against the current and stand proudly in the cold wind, but the cost is too high, the energy consumption is too great, and there is not much benefit to economic development.

To encourage the masses to consume, only tax cuts can increase the shopping rate.

Trump's tax cuts are aimed at encouraging consumption and increasing investment.

Maybe it's to ensure the development of the national economy.

Mr. Trump's tax cuts are for the greater good of his family.

That's just his rhetoric, and he may not be able to control it in the end.

According to foreign media reports, at half past 1 a.m. Beijing time on April 27, Trump's Treasury Secretary Mnuchin and National Economic Commission Chairman Cohen held a press conference to announce the so-called "most aggressive" tax cut and tax reform plan in U.S. history. Now it seems that this ambitious tax reform plan is just a "brick throw" for the White House, and there will be a bipartisan negotiation and debate in Congress. Even the Treasury secretary himself admits that the tax reform plan that will eventually be put into practice will fall short of what the White House has so far.

Treasury Secretary Steven Mnuchin said at a news conference that the exact rate was still in bipartisan negotiations with Congress, but said it would be "very competitive." Prior to the press conference, Reuters had reported that it intended to reduce the tax rate on overseas repatriation profits from 35% to 10%, but this was not reflected in today's tax reform plan.

At the press conference, reporters were more concerned about who will benefit the most from this tax reform, and how Trump will support the huge budget after such a large tax cut. In short, if there are no taxes, where will the money come from?

In response, Treasury Secretary Mnuchin said that the tax reform plan will boost the US GDP growth back to above 3%, increase corporate profits, and wages** - economic growth itself can "pay" for a large tax cut. Opponents argue that such a reference is a "fairy tale".

According to the report, he cited as an example the tax cuts that were implemented during the Bush and Reagan eras, which were accompanied by a further expansion of the fiscal deficit; In contrast to this, during the Clinton period, after the tax hike, revenue increased and the debt-to-GDP ratio declined.

At present, it is unclear when Congress will officially enter the legislative and voting process. Mnuchin began his presidency with a threat that he hoped to pass a tax reform plan by August, but has now relented that he hopes to pass the tax reform by the end of the year.

At 11 a.m. local time on the 22nd, Trump officially signed a trillion-dollar tax cut bill in the Oval Office of the White House. The bill is Trump's first major legislative achievement and the largest tax overhaul in 30 years. Many of the provisions of the Act will come into force in January 2018.

With the signing of Trump's bill, it has caused huge repercussions in various countries. So, what will be the impact of this bill on the United States?

The Republican-controlled House of Representatives finally passed the largest tax reform bill in 30 years in the United States on the 20th, and submitted the trillion-dollar bill to Trump for signature. Mr. Trump said he had wanted to wait until January to sign the bill into law so he could have a formal ceremony, but he suddenly decided to sign it at a smaller signing ceremony that morning. Rather than a grand signing ceremony in early January, he said, the bill should be turned into law by Dec. 25 to fulfill his promise to cut taxes for the American people as a Christmas present.

The final version of the Tax Cuts and Jobs Act. Minor revisions to the House and Senate versions are included. Personal income tax is still divided into seven bands, but the tax rate has been reduced to % and 37%; The Child Tax Credit will increase from $1,000 to $2,000, while the standard deduction will nearly double.

On the corporate side, the bill reduces the corporate tax rate from 35 percent to 21 percent and also repeals compulsory personal insurance under the Affordable Medical** Act, which requires individuals to have health insurance or pay a fine to the Department of Internal Revenue.

Summary: As it stands, this bill has had a huge impact on the interests of the American people, and has increased the overall income of the people in disguise. There are even companies that give bonuses to employees on the day the bill is passed, and it seems that they are also very happy!!