[SkyPilot]

This proposal calls for eliminating deductions that 44 million Americans claim (state and local tax deduction). That means this is a TAX INCREASE on the middle class so that corporations can get a massive rate cut! And corporations and businesses get to continue to claim the state and local tax deduction, but not individuals!

Screw the GOP and this bill!!!

I don't remember Donald Trump campaigning on raising my taxes.

[mdittmar]

Could you show me where in the bill it says that?

[palmer]

Sorry, I don’t give a crap about your taxes (or mine which are probably higher and going higher). All I care about is a tax cut for corporations and investors. You can continue to be greedy but that doesn’t help MAGA.

[CJ Wolf]

you and your deductions. I want to send in a post card that says I win.

[Crucial]

I heard this a while back that they wanted to eliminate the mortgage deduction. It’s like the GOP wants to see the Democrats take power. It smells like Soros. No one in Washington has this level of cunning or boldness.

[Brown Deer]

Screw you. Complain to your state legislators!!!

[Tolerance Sucks Rocks]

As I said on another thread, to compensate for SALT, re-introduce the personal exemption and stretch the lowest bracket to cover an amount of income equal to that subject to FICA. Also, get rid of the 3rd, 4th and 5th brackets, which are just progressive, elitist sops to liberals. Don’t tax interest income, either.

Full disclosure, I would simply go to the 15-28 tax system Ronald Reagan had, with 15 covering all FICA income and eliminating SALT (red states subsidizing blue states) and Mortgage Interest deduction (renters subsidizing homeowners) and nearly all other deductions and tax credits. Same $12,000 standard deduction, with charity deduction and deduction for hardening assets against EMP ADDED to that and the personal and dependent exemptions on the same form, instead of the itemizing alternative BS. No interest income need be declared, either. Elimination of all 0bamacare taxes. Capital gains and dividends back down to 15 percent. 5 percent general tariff to replace the 20,000 or so individual tariffs we have now. 5 percent tax on foreign income and repatriation, individual and corporate (instead of 20 or 35). 5 percent “death tax”, as opposed to 45 percent, with the same generous exemption as before. 20 percent tax for both corporate and pass-through income, with immediate and full expensing for equipment, infrastructure and hardening against EMP. Same $18,000 tax-free allowance for 401(k) plans, instead of the $2,400 proposed in the House.

Dependent exemptions would include people other than children, if needed.

But of course, this is GOP-e and Trump we’re talking about here, so bend over?