IMO < anything that cuts off former tax credits, is a mistake.
We want to add to former deductions, not subtract them.
The idea is to put as much money as possible into the private sector to jump start the economy.
Investments, increased sales, increased work force, massive new tax revenues for the federal government, that is the goal.
Whittling little parts of the increased private sector money, does not serve us well reaching the desired goal.
This shouldn’t be an us against them situation folks. We want everyone to get tax cuts. That way the economy will get the maximum boost.
Complications in the tax code cost billions of dollars in effort, documentation, calculations, and just plain money. And the idea is NOT to “put money into the economy.” You could do that with helicopters. What produces more wealth-production is low marginal tax rates.
The tax code should require the absolute minimum in record-keeping and every other kind of cost.
Tax rates should be low, lower, and lowest.
Trump should be demanding a maximum income tax rate of 20% or even less.
Why can’t Trump bring back the 9/9/9 plan?
Which is why I don’t understand the thinking behind eliminating exemptions for dependents.
I’m going to have to cut way back to afford the extra tax burden.
Nonsense. “Hey, little Jimmy, we’re going to take THIS much money from you. BUT if you do A, B and C for us, we won’t take quite so much.”
Why do you want to be treated like a rat in a cheese maze or a trained lapdog? Taxes are a burden. Turning them into some kind of sick parlor game the government uses to control the behavior of the population is perverse.