I don’t think you get what I’m saying. I don’t disagree with the overall theory you are saying, but right now my marginal federal tax is 35% and if this gets passed, it would be 25%. Why is that change bad?
Individual changes in a negative direction are not bad, but the aggregate (Economics, by definition) is what drives the economy.
If there are to be “progressive” tax rates, they should be on a continuum. Reducing the # of steps and making the step difference larger is bad economics.
since you don’t know the breakpoints you are just blowing wind.
Since the breakpoint has not been provided you have no idea what your marginal tax rate will be.