Episode 194 - Economist Laurence Kotlikoff Grades the Trump and Ryan Tax Plan – and How You Can Take Advantage of Predictable Events

Last month, Donald Trump proposed slashing taxes for both individual taxpayers and businesses. His plan, sketched out in a one-page statement given to reporters in late April, provided few details and didn’t explain how the tax cuts would be financed. The House – led by Speaker Paul Ryan – has its own ideas about tax reform, as does the Senate. There are a lot of unknowns. Which cuts will prevail? How will Congress decide? On this episode of The Lange Money Hour, CPA and Attorney Jim Lange welcomes back Laurence Kotlikoff. Kotlikoff is a renowned economics professor, columnist, and bestselling author. His recent WSJ op-ed piece indicates that he believes that the House plan is better for the economy than the Trump plan. Jim and Larry will discuss the specifics of each proposal, how they might affect you as a taxpayer and investor – and how you can prepare for the future. They’ll cover topics like: • The nuts and bolts of the House and White House plans, and why Larry thinks one is better than the other. • Whether he believes Trump and members of Congress truly understand tax issues well enough to make wise decisions. • What impact tax reform is likely to have on the deficit. • What Larry would do differently if he could propose a tax plan of his own. • If taxes fall under Trump, is it reasonable to assume they’ll go back up in the years ahead? • Do these tax fluctuations make it a good time to do a Roth IRA conversion? The audio will also be archived on our web site at www.paytaxeslater.com/radioshow.php, along with a written transcript. *All investing involves risk, including the potential for loss of principal. There is no guarantee that any investment strategy or plan will be successful. Investment advisory services offered by Lange Financial Group, LLC.