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19Jun

THE RECENT FRENCH ELECTION

Preventing future terrorist attacks was apparently not on the minds of the French people as they went to the polls and voted for Emmanuel Macron as the country’s next president. Macron had run on a pro-Europe, pro-EU platform, but it was his opponent who ran on the need for stricter vetting of refugees. At 39, Macron is the youngest person to hold the position since Napoleon. The French presidential election occurs in two phases and Emmanuel Macron and Marine Le Pen were the top two finalists who survived the first round two weeks before and sought political victory in a second round that happened two weeks later. Election result projects in France gave Macron two thirds of the vote. Instead of leading another country to exit the European Union, Macron embraces the EU and campaigned on his commitment to the union. Macron’s competitor’s campaign for the presidency never had a

7Jun

THE TRUMP ADMINISTRATION TAX REFORM PLAN

Reducing personal and corporate tax rates was a centerpiece of the new Trump tax proposal which came out April 26, 2017. The changes are meant to stimulate domestic corporate profits and hiring while giving the middle class a tax break. The other goal of the proposal is simplification of a process that has grown far too complex for the average person. With any changes to the current tax code and the way personal taxes are collected, there is substantial interest in how tax revenues might be affected and what taxpayers can expect for popular deductions. According to Treasury Secretary Steven Mnuchin, the structure is “a tax plan that will count partly on revenue from economic growth spurred by tax cuts and partly on revenue from limiting deductions and other tax breaks.” The White House blog states that the focus of tax reform has centered on: “job creation, economic growth, and