This is feel good bullshit propaganda.
I work for a huge multinational and haven’t seen a dime in bonuses, but my tax liability has increased big time.
Plus all of the imbeciles that don’t know how to itemize or take advantage of the same deductions that up until last year were available to individuals as well as corporations are going to see their taxes go up when the rates expire for Individuals (but not Corporations).
Cohn and Mnuchin fully funded Social security and Medicaid forever, just need to keep growing the population with non-white Goyim.
Brilliant actually, makes Gruber and Goebbels look like pikers.
Now, if Congress is sincere about individual tax reform, they’ll go further, by extending the 12% rate to the SS withholding cap, then the 25% rate to $1,000,000, then a 33% rate thereafter, while making the SALT cap more generous — 1/2 * (income + sales + property), IMO. The preferences from other folks may vary, of course.
Then, lower the corporate rate to 15%, but subject them to the same 1/2-SALT rule (they now have the same SALT we used to have).
But Congress is most insincere, so I don’t actually expect something like this to happen.*
*In reality, they could save some endangered GOP seats if they just made 1/2-SALT or some other version of SALT-lite, for individuals and corporations, retro-active to Jan. 1, but if I held my breath, I would meet Jesus before anything happened.