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| | | How to attract more and better clients | | | | The key to growing business is utilizing a dual strategy of building an amazing brand that commands long-lasting attention and layering on a performance marketing approach that connects with the right audience to drive revenue. | | | | Read more >> | | | | Mass. economy contracted in first quarter | | | | Slow growth in the U.S. economy made headlines over the last few days but in Massachusetts the economy over the first quarter of 2017 actually contracted, hamstrung by stalled wage and salary income growth, according to a new report. | | | | Read more >> | | | | Leaders discuss marijuana regulation | | | | House Speaker Robert DeLeo on Monday suggested a new approach state officials could take in regulating the new legal marijuana industry in Massachusetts. | | | | Read more >> | | | | | | Like us on Facebook for our latest business news |
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| | | Question of the Week | | | | Can't answer the question in your email? Click here to view as web page before commenting. | This week, President Donald Trump released an outline of his administration's plan to change the federal tax code. The plan proposes cutting the number of tax brackets on the tax code from seven to three, cuts the corporate tax rate from 35 percent to 15 percent, and repeals the 3.8 percent investment surtax from the Affordable Care Act. It also would eliminate the estate tax, the alternative minimum tax, and tax deductions for individuals other than mortgage and charitable deductions. The White House said the plan will pay for itself with economic growth, but the Committee for a Responsible Budget said it could end up costing between $3 trillion and $7 trillion over a decade. What do you think of the president’s tax plan? It’s long overdue and will undo years of unnecessary and uneven tax burdens on businesses allowing them to create jobs.
The corporate tax rate should be lower but cutting it by 20 percentage points is too big of a risk.
The huge cuts to businesses and the wealthy will instead shift the burden to individuals and lead to an even more uneven economy.
There haven’t been enough details released for me to decide.
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