The tax reform is now law. For people on low incomes, the tax is reduced by 4-6%. For companies, the tax is reduced from 39% to 20%.
For average income, the tax is reduced by about 5 %.
Trump is of the opinion that the tax reform will not result in any loss of revenue. The federal government and the states municipalities would not lose any money, but the income would even increase. The tax reform will bring more money to the state and federal government coffers. Trump policy has forced China’s taxes on products forced the U. S. companies to export China by 50 %.