Don’t have time to try to run this calculator, but here are my thoughts: Living in The People’s Republik of Kalifornia, I am sure that if it passes as it is now it won’t help me one bit, it probably WILL effectively raise my taxes.
I could care less.
Here is what I DO care about: I want the bill to cut the !$%@! ridiculous corporate tax rates so that the economy can grow, create jobs - and I can God willing, afford to retire as a result of that growth (and its effect on my business), in a few years - before the end of the President’s second term.
Fingers crossed. ;>)
I expect this will be followed by a work requirement for welfare which would move butts back into the private sector.
This could be Reagan II.