Discussion of the federal deficit, now exceeding $ 15 billion, can be separated from a discussion about taxes? Of course not! Therefore, the tax will continue to be an important topic at the federal level because of the dichotomy between the address the deficit concerns raise taxes vs. keeping taxes low to help create jobs and boost the economy.
The tax would have been a key issue in the presidential election. While it is too early to say who will be the Republican candidate, every competitor has offered its own tax solutions (www.atr.org/presidential-candidate-tax-plan-comparison-a6588). Here are some key points of a number of candidates: