[itsahoot]

There are NO specifics except total spending and debt in the bill.

I believe the budget adopted increased the deficit 1.5 trillion so I can see how you likely will not get a tax cut in this reform package.

My guess is if you currently pay taxes on your income you will get an increase, if you are not currently paying taxes on your income you will get a cut.

[mrsmith]

The 1.5 trillion is actually supposed to all go to tax cuts.
In other words the tax cuts are not offset with spending cuts. It’s like a stimulus by tax-cut instead of by spending.

There’s a site people interested in this tax reform can get more information than the media gives: http://www.taxanalysts.org/

Better than the media but early days to say whether they’re ‘fair and balanced’.

[Neoliberalnot]

guess is if you currently pay taxes on your income you will get an increase, if you are not currently paying taxes on your income you will get a cut.””

If deductions are eliminated, the tax base will broaden and this means, people who haven’t paid federal income tax, ever, will now be paying for the benefits same as the rest of us. The able bodied parasites are going to skate.