While the proposed tax cuts would please those helped by them, such as multinational corporations and wealthy taxpayers, Trump’s package fell far short of the kind of comprehensive tax reform that both parties in Washington have sought for years.
As his milestone 100th day in office on Saturday nears, Trump has been scrambling to show progress on his agenda. The Trump tax plan, though meager in detail, matched up closely with the promises he made during his victorious 2016 election campaign.
Yesterday, the Michigan Supreme Court agreed to a request from Gov. Rick Snyder to examine the legality of taxing public pensions: “Snyder is asking the seven justices to rule whether applying the personal income tax to the pension income of public retirees violates the state constitutional prohibition against impairing or diminishing a public pension benefit.” [mLive]