Wednesday, April 26, 2017
The Trump Strategy
I just read Owen's blog, which today talks about the wily Trump's real purpose behind his plan to reduce the corporate tax rate to 15%, from 35%. The following news item seems to complement Owen's post, especially when you learn one of the proposals to pay for this cut, which will add $2 trillion to the U.S. debt, is by making substantial changes to the 401k plan which, as I understand it, is roughly equivalent to Canada's RRSP.
Predictably, it looks like Trump's most ardent supporters, a.k.a. 'the little guys,' will be paying a very heavy price for their allegiance to the Orange Ogre.