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With the right mix of hard and soft power coupled with skillful diplomacy, Trump can still achieve major successes. To the extent Donald Trump has a strategy, it is one grounded in assumptions and realities that were far more relevant 150 years ago than they are today. The former White House chief strategist sat down with the National Interest on Monday. Trump’s case for America First must refute internationalism’s root strategic assumptions and transform the nation’s definition of foreign-policy success. Optimism on trade with China and talks with North Korea are causing Washington to lose focus on other issues. After decades of artfully swindling American experts and businesses, the Chinese government is beginning to face a reckoning. The North Koreans got a great propaganda coup out of the Singapore Summit—and America got nothing.
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Enter the terms you wish to search for. On a relative basis, the likely changes will offer a lot to middle class Americans, in some ways more than the wealthy will get. As the nation awaits a final version of its new tax legislation, the House and Senate versions share enough in common to give an idea of what will likely emerge and who will benefit most. Since the rich pay the most in tax, most breaks will naturally give the greatest dollar amounts to them. This group is as far down the income distribution as this bill gets. Most Americans at still lower income levels pay no income tax. Their biggest bill to the government arrives through payroll taxes, and this legislation leaves that alone.
1 – The biggest likely benefit will come from the enlargements of the standard deduction and the child tax credit. These will offer an unmitigated boon to the vast number of taxpayers who do not itemize. 2 – The middle class will also gain from the proposed adjustments in tax brackets. There are differences between the Senate and the House versions, but both not only reduce the rates at lower brackets but also raise the income level before higher brackets apply.