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Here’s How Tax Reform Could Squeeze the Middle Class

What the debate in Washington means for your money—and your retirement.
Bloomberg business news
U.S. Tax Reforms That Can Drive Trump's Tax Cuts
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One of Washington’s biggest mysteries may soon be solved: What exactly are President Donald Trump and Republicans in Congress planning to do about taxes?

Trump wants Congress to act quickly on their framework for tax reform. At a dinner Monday night, he said he expects the House of Representatives to pass a bill in October and the Senate to act by the end of the year. The broad goals are a simpler tax code with fewer brackets and lower rates for corporations and individuals.