How does the size of the tax increase compare to the previous tax cut?
Considerably smaller. But the tax cuts enacted already have not resulted in the job growth or revenue growth that were projected when the plan was enacted.
Even if it is dollar for dollar I don’t see how this is an improvement. I don’t know the details on the lost deductions but it sounds like things you can deduct on your federal return you can’t also deduct on your state return. ? The sales tax increase is horrible.
I would have rather they just undo the cuts than this. I will pay much more in taxes under this plan than I would have before the tax cuts.