First, this bill didn’t want to touch the spending debate. So it is a moot point. Secondly, it could be argued that you are advocating that the Feds should be able to tax us even more on our taxes. It’s all about winners and losers, because that is how they chose to write the bill. I hope it fails miserably.
I have no idea how you would conclude that. I absolutely agree that the spending issue is still to be resolved. And we have a huge debt so if we can reduce spending, maybe for a short time we need to repay that debt before getting back to "balanced" tax and spending. Regardless, we will never get to a 'fair' tax when any exemptions are made, and clearly people like their exemptions. getting to a fair tax is going to take a whole lot of people getting over their own use of the thousands of tax loop holes in the current system. And then there is the whole debate of taxing income vs taxing spending...
This is going to still get marked up more. My hope is that the tax code IS simplified (less deductions) but with accompanying LOWER RATES. Baby steps to a flat or fair tax. Though I a perfectly happy that the mortgage deduction is not going away as of the moment.