Are there tax rate adjustments, and if there are, are they retroactive to 1-1-2017 or do they begin with tax year 2018?
Or is the repeal of the 0care individual mandate the big attraction alone?
(Well OK, repatriation of at least some of the bazillions of dollars that have been parked outside the US to shelter it from taxes... no small thing either.)
Folks seem to think the mandate will kill this bill. That’s laughable. The folks that use Obamacare will still be supplemented and they won’t come off it and those that can’t find insurance will still use it. It’s like using that your employer supplements health insurance and folks will just willingly leave it just for the sake of leaving it.
All the other laws are in place on it and it’s still Obamacare.
I doubt any of it is retroactive - would that not violate the Constitution (proscription against ip-post facto laws)?
Repeal of mandate is not immediate, IIRC - but phased in over “x” number of years.
Repatriation is a huge plus for the economy, investment, the infrastructure, and job creation. IMO, the reduction in the corporate tax rate, from 35% to 21% is going to have major positive impact on our global competitiveness.