President Donald Trump and congressional Republicans are negotiating a tax package that a budget watchdog group estimated could cost anywhere from $5 trillion to $11.2 trillion over the next decade.
A series of tax policy changes that Trump supports appear to have broad support among Republicans in Congress. The Committee for a Responsible Federal Budget has released a study that projects the cost of each item over a 10-year period. The possible tax changes are expected to be included in a budget reconciliation package, which allows the GOP to bypass the filibuster in the Senate, where they lack a 60-vote threshold. It is unclear at this time if the tax provisions will be passed in one large reconciliation bill or as part of a two-bill approach.
According to the CRFB, extending the Tax Cuts and Jobs Act, Trump’s 2017 tax reform package, would cost between $3.9 trillion and $4.8 trillion.
By the numbers
Under the CRFB study, expanding the State and Local Tax deduction (SALT) would cost from $200 billion to $1.2 trillion.
- Eliminating taxes on tips, which Trump campaigned heavily on enacting, would result in a $100 billion to $550 billion reduction in federal tax revenue, according to the study;
- Exempting overtime pay from federal taxes would cost $250 billion up to $3.0 trillion;
- Exempting Social Security benefits from federal taxes would cost between $550 billion and $1.5 trillion;
- Lowering taxes for U.S. production of certain goods would cost between $100 billion and $200 billion;
- Reducing tax benefits for stadium owners and ending the carried interest loophole would save about $100 billion, according to the group. […]
— Read More: justthenews.com
At Last, a Company With Integrity in the Gold IRA Industry
For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.
I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.
After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:
- Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
- Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
- No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.
