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

Published: May 17, 2017, 4 a.m.

b'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\\u2019t explain how the tax cuts would be financed. The House \\u2013 led by Speaker Paul Ryan \\u2013 has its own ideas about tax reform, as does the Senate. There are a lot of unknowns.\\n\\nWhich cuts will prevail? How will Congress decide?\\n\\nOn 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. \\n\\nJim and Larry will discuss the specifics of each proposal, how they might affect you as a taxpayer and investor \\u2013 and how you can prepare for the future. They\\u2019ll cover topics like: \\n\\n\\u2022 The nuts and bolts of the House and White House plans, and why Larry thinks one is better than the other.\\n\\u2022 Whether he believes Trump and members of Congress truly understand tax issues well enough to make wise decisions. \\n\\u2022 What impact tax reform is likely to have on the deficit.\\n\\u2022 What Larry would do differently if he could propose a tax plan of his own.\\n\\u2022 If taxes fall under Trump, is it reasonable to assume they\\u2019ll go back up in the years ahead?\\n\\u2022 Do these tax fluctuations make it a good time to do a Roth IRA conversion?\\nThe audio will also be archived on our web site at www.paytaxeslater.com/radioshow.php, along with a written transcript.\\n*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.'