As a strict purist, Rush is of course correct. But how about we get the tax code onto first base before we start railing against it and hope the follow-up tax bill is smaller and makes philosophical changes as well.
This tax plan isn’t great, but it is workable in the sense that there will be modifications made. My fear is that, like repeal of Obamcare, everyone will get all knotted up and nothing will happen — again.
That’s a good point. Tax rates are not hard to change in the future. It’s the underlying structure of the tax code that only seems to change once every few decades.