In: Accounting
President signs tax bill altering employees benefits. tax reform bill, officially the tax cuts and job act. HRM will be attending a meeting to dicuss one question or concern. the chief accountant will be present and wants your questions and concerns. review article and discuss one question or concern you have.
The biggest concern that can be asked is the amount that will be spent on the great mexican wall and who will be paying for it. The estimated cost of construction is about $110 billion and its just what the president has said. Experts expect it cost as much as $12bn to $15bn.
The 650 miles of fencing already put up has cost the government more than $7bn, and none of it could be described, even charitably, as impenetrable, physical, tall, powerful or beautiful.
There are other reasons the costs would be likely to escalate beyond Mr Trump's price tag - his plans require extending the wall into increasingly remote and mountainous regions, raising the building costs substantially.
The main source is said to be a hike in the taxes..Raising tariffs on imports. Mr Trump's spokesman, Sean Spicer, said on 26 January that the president wanted a 20% tax on Mexican imports to pay for the wall, although he later added that it was one of several options still being considered. "By doing it that way we can do $10bn (£8bn) a year and easily pay for the wall, just through that mechanism alone," he told journalists. If this happens will it not hamper the imporrts and the US economy?