The following article by Drew Harwell was posted on the Washington Post website December 20, 2017:
President Trump, who won the White House on a wave of populist promises, will likely save millions of dollars, thanks to Congress’s approval of a tax plan he pledged was designed for the middle class.
Trump, who said he would be a “big loser” if the bill passed, stands to gain immensely from the Republican tax overhaul, including through a lower top tax rate and lucrative deductions for top-earning households, according to attorneys and tax experts who reviewed the final bill.
Trump could also take advantage of benefits that will lift specific business sectors, including a last-minute tax deduction that helps many owners of high-value commercial real estate, the industry where he first made his fortune. Continue reading “Trump stands to save millions under new tax measure, experts say”