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FDP Wealth Management

Nov 6, 2017

Tax Reform Comes to Orange County

I had the privilege of attending an intimate meeting with Treasury Secretary Steven Mnuchin and Special Advisor to the President Ivanka Trump this morning.  The small group met in Newport Beach and both Mnuchin and Trump outlined the proposed tax law changes.  Ivanka Trump began the conversation by stating that the core focus of the proposed legislation is job growth and middle class tax reduction.  Secretary Mnuchin outlined the various components of the plan and described how they will stimulate growth and create jobs.  Both Mnuchin and Trump were very straightforward in pointing out that this tax package is not intended to help the wealthy – those earning over $1m per year.  The Senate is scheduled to release their version of tax reform this week and then the real negotiations begin.

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Reproduction Prohibited without Express Permission. Copyright FDP Wealth Management. All rights reserved. Advisory Services offered through FDP Wealth Management, LLC, a state Registered Investment Adviser and Valmark Advisers, Inc. a SEC Registered Investment Advisor. Securities offered through ValMark Securities, Inc., Member FINRA/SIPC. 130 Springside Drive, Suite 300, Akron, OH 44333-2431 800.765.5201 Prosperity Partners and FDP Wealth Management, LLC are separate entities from ValMark Securities, Inc. and Valmark Advisers, Inc. Prosperity Partners, FDP Wealth Management, LLC, ValMark Securities, Inc., Valmark Advisers Inc., and their representatives do not offer tax advice. You should consult your tax professional regarding your individual circumstances. Indices are unmanaged and cannot be invested directly in. Past performance is not a guarantee of future results.

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