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.
Under Mr. Trumpâs plan, all this income would be taxed at a maximum of 25 percent. The performance fee would be subject to a small tax increase, but that effect would be dwarfed by the large tax cut on ordinary management fees. Another large, though less-noticed, tax cut in Mr. Trumpâs plan is a reduction in the maximum tax rate on âpass-through incomeâ to 15 percent; currently, this income is taxed at the same rates as wage income, up to 39.6 percent.