Trump Says Most Will Be Able to File on Single Sheet

The video discusses a tax reform plan focusing on simplifying the tax code, reducing corporate and small business taxes, and providing incentives for job creation. The plan aims to allow most families to file taxes on a single sheet of paper and reduce the corporate tax rate to enhance competitiveness. Small businesses will benefit from a capped tax rate, and the plan includes measures to boost job creation by allowing full expensing of new equipment. Additionally, the plan proposes ending the estate tax and repatriating trillions of dollars held overseas.

What is the significance of allowing companies to expense the full cost of new equipment in the year they buy it?

What is the impact of ending the estate tax as mentioned in the text?