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Billiard table Blog How Trump’s plan to ‘drain the swamp’ could lead to massive tax hikes for Hollywood and other corporations

How Trump’s plan to ‘drain the swamp’ could lead to massive tax hikes for Hollywood and other corporations



The tax reform plan from President Donald Trump and the Republican Party is set to make its way through Congress this week, and it will do so with an eye toward raising taxes on the nation’s entertainment industry.

The tax bill is expected to create an additional $1.5 trillion in tax revenue over the next decade.

It also includes a host of other revenue increases, including a $1 trillion cut in corporate tax rates.

But what exactly will the tax bills tax?

In a nutshell, Trump’s proposed tax cuts are expected to hit the entertainment industry hard.

According to The Hill, the proposed tax bill would increase taxes on $1,000,000 of income in the United States, while reducing taxes on up to $10 million of income, including on movie tickets, merchandise and other sales.

The Tax Foundation, an independent tax policy research organization, estimates that the proposed Trump tax cuts would raise revenue of $2.8 trillion over 10 years, including $1 billion in direct tax revenue.

The House Ways and Means Committee voted on the bill last week.

It passed, 241-217, with Democrats voting against it and Republicans voting in favor.

The bill would also provide a tax credit for families making $250,000 a year or less.

That credit is estimated to be $1 million.

The new tax cuts will be offset by $1 in corporate taxes, according to The Washington Post.

The proposed cuts in the tax code would add an estimated $1 to $2 trillion to the deficit over the coming decade.

The legislation would also raise taxes on many other industries, according a Tax Foundation analysis of the House plan.

The nonpartisan organization estimated that the tax bill will increase the national debt by $3 trillion over the course of the next 10 years.

This is not the first time that Trump has proposed cutting taxes on entertainment.

In August, Trump announced plans to cut corporate taxes by more than half, while giving an additional half-billion in tax breaks to corporations and individuals.

That tax plan would also eliminate a $2 billion corporate tax deduction for corporations.

While this tax plan is not expected to add any additional revenue to the federal government, it does mean that the entertainment tax breaks will increase.

The Post’s Mike DeBonis reports that “the industry has complained bitterly that the plan does not offer enough relief to those struggling to pay their bills, but that’s not what the White House wants.”

The White House is promising that “this plan will not create a new tax burden on the American people, but instead provide relief to millions of hardworking Americans who would otherwise be forced to pay higher taxes.”

The Associated Press reported that “White House officials say the president’s new plan does provide a way for businesses to lower their tax bills while still being able to pay for their benefits, such as health insurance and other programs.”

As Trump prepares to deliver his tax plan, his administration is also pushing the Republican Congress to pass the “Drain the Swamp” legislation.

The goal of the bill is to repeal and replace the Affordable Care Act (ACA), which was passed in 2010 by the Democratic-led Congress.

Under the ACA, the federal healthcare system was overhauled, and millions of Americans gained health insurance coverage.

The ACA is now the law of the land in the U.S. and provides a number of benefits for the nation, including lower premiums and increased access to care.

Under Trump’s proposal, Americans would be able to save a total of $1 per week by signing up for health insurance plans.

This would also allow businesses to reduce their corporate taxes to zero, and would also make the current system less attractive to large companies.

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