The AIA sounds cautions on tax reform proposals


Wednesday, President Trump and congressional Republicans rolled out a sweeping tax overhaul proposal that would radically slash business taxes, trim the number of individual tax rates to around three brackets, and expand the standard deduction and child tax credit for individuals. The plan has been applauded by Republicans, as well as business groups and the far-right House Freedom Caucus, who argue it would provide the country with a fairer, simpler tax system. Opposing the blueprint, Democrats contend that proposal delivers tax cuts for the rich at the expense of the middle-class.   

Today, the American Institute of Architects responded to the tax reform proposals advanced by the Administration and Congressional Republicans issuing caution and releasing the following statement by AIA 2017 President Thomas Vonier, FAIA:

Any tax reforms must do three basic things:

  • Support and strengthen small businesses, which account for the vast majority of U.S. architecture firms.
  • Encourage innova...
Mackenzie Goldberg via Archinect - News http://ift.tt/2fuSew9

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