I would lose my mortgage deduction, the deduction I pay on state taxes, and since I don’t have children, my taxes would go up.
As they will for millions of us. So much for that “Big, beautiful tax cut” that would be “The best Christmas present for the middle class” that President Trump promised. I know he is desperate for a Win, but I don’t think he fully realizes how much this will be a Pyrrhic Victory if it passes. Trump doesn’t have the media, the establishment, Hollywood, the Democrats, the Globalists, or the Rinos on his side. All he has are regular people, many of whom will be screwed by this bill.
My taxes are going up BECAUSE I have children.
I’m not sure how much this “tax cut” will cost me, but I’m damn sure that the government needs to cease and desist from all retroactive regulatory changes. I’d rather have nothing than something worse.
More class warfare and K Street payoffs are not the answer. Small business is the lifeblood of this country and we don’t need any more damned leeches!