Yeah Im not saying its perfect. It doesnt simplify our tax code. But I dont hate it either. And Im not caring if I pay more or less, but if it gets companies back on US soil, it accomplishes one great thing.
It does seem to selectively punish blue states. Whether by design or chance, I dont know. But taking the issue of state taxation out of federal calculations is a good thing - states need to stand on their own without relying on federal deductions. In an odd twist, those in red states have been subsidizing blue by paying the full amount of federal tax owed because those in blue states (ie, heavily taxed) get their federal income taxes reduced because of those state taxes. They are separate issues and should never have been combined.
The cash cow are the individual taxpayers who account for 80% of federal taxes between direct income taxes and FICA. This part of the plan is what I'm critical of. Both houses of Congress are playing games with deductibles, exemptions, limits, caps, etc. that are not what anyone ran on in 2016. Keep it simple. Reduce all tax brackets. It takes 1-2 pages of legislation - not 500.