What to Expect From Trump's Tax Package

The video discusses proposed changes in a tax plan, including a reduction in corporate tax rates and adjustments to interest deductibility. It highlights the potential impact on various stakeholders, such as business owners and Republicans, and the challenges in implementing these changes. The discussion also covers the elimination of state and local tax deductions and the reactions from different sectors, emphasizing the hurdles in achieving tax reform.

What is one of the key changes in the tax reform plan regarding corporate tax rates?

• Reduction to 20%

• No change

• Increase to 25%

• Increase to 30%

What is the proposed change for passthrough entities in the tax reform plan?

• Rates increase to 30%

• Rates remain the same

• Rates decrease to about 25%

• Rates increase to 35%

What deduction is proposed to be eliminated, potentially causing issues for some Republicans?

• Mortgage interest deduction

• State and local tax deduction

• Charitable donation deduction

• Medical expense deduction

What is a concern for realtors and mortgage bankers regarding the tax reform plan?

• Increase in property taxes

• Reduction in mortgage interest deduction value

• Elimination of home sale tax exclusion

• Increase in capital gains tax

What is a significant challenge mentioned in the tax reform process?

• Opposition from international markets

• Insufficient media coverage

• High hurdles for tax reform

• Lack of support from the President