A tax plan was put forward by President Trump in June 2017, and although the plan is simply a list of provisions the White House would like to see make it into a tax reform bill, it will still greatly influence what’s up for debate as the House and Senate formulate their respective tax reform bills.

There’s still a lot of uncertainty about what a final tax reform bill will look like, so be sure you watch this video to learn:

• What is on Trump’s tax reform plan?
• Is it good or bad for American businesses?
• How does it compare to the current tax scheme?
• What’s not on his list of desired provisions?
• How would it affect current tax credits?

Dramatic corporate tax cuts will have to be paid for somehow, and that means no tax credit is safe from being removed or dramatically altered. For more information, learn how a 15% corporate tax rate would get paid for.

What other tax reform changes should you be looking out for?