Law Office of Kunal Patel, LLC wants to encourage students who have demonstrated an interest in tax policy.
Deadline: Dec 31, 2017
Award Date: January 31, 2018
Award Type: Stipend paid directly to the student to be used for any expenses for education, such as tuition, room, board, and books.
To qualify for the scholarship, you must be a college student or graduate student (including law) at an accredited US institution.
In addition, you must have demonstrated an interest in tax policy.
President Trump’s tax plan includes several major changes to the current tax system for both individuals and corporations. Among the changes are:
The above tax changes are expected to reduce taxes for everyone, with big businesses and those in the top tax brackets reaping the most benefits. The goal is to put more money in the pockets of shareholders and the wealthy, with the expectation that this will lead to more investment and expansion of business. Presumably the benefits would eventually “trickle down” to the middle and lower classes by way of job growth and greater supply of goods and services at lower prices. These tax cuts in combination with some of Trump’s other policies such as less regulation, reduced government spending, and noninflationary monetary policy are borrowed from supply side economics, or more commonly known as “Reaganomics.”
Please submit a short essay (400-600 words) answering the below questions. The applicant with the most insightful answers will win the scholarship.
What are some of the possible results of the proposed tax plan, in regards to economic growth and income distribution, as well as any unintended consequences?
*No phone calls please. Any questions can be submitted through the contact page.[Form id=”15″]