Accomplishing that, however, required petitioning to have the secrecy order lifted as the years passed with his invention living in the shadows. Itâs a common refrain in the stump speeches of politicians that America is a nation of ideas, but Congress decided in 1951 that some of those ideas must nonetheless be kept hidden.
ATR Analysis of Donald Trump Tax Reform Plan. GOP Presidential candidate Donald Trump released details of his tax reform plan today. It features a system with much lower tax rates than current law, and a broadened tax base for high income earners. âTrumpâs plan is certainly consistent with the Taxpayer Protection Pledge,â said Grover Norquist, president of Americans for Tax Reform. âTrump has said he opposes net tax hikes and has made clear that the real problem is spending.
On December 22, President Trump signed H.R. 1, also known as the Tax Cuts and Jobs Act, into law. The legislation, which marks the most sweeping tax changes in 30 years, will impact payroll professionals by changing the taxability of two fringe benefits and affecting income tax withholding in 2018 and beyond. Because this tax legislation was passed so late in 2017, the IRS will not issue withholding guidance for 2018 until January.