“There are two versions: the House and Senate. The Senate version is even harsher on individuals in some ways, and the House has terrible flaws as well. Which one is worse is dependent on your situation and your deductions.
The House is supposed to vote on their version tomorrow. “
Its all bull shit. As long as they are talking “revenue neutral” you’ll still be paying as much or more. Unless spending on garbage is cut radically nothing chabges. Shell game.
100% true - because the only ones getting a real cut are the corporations (35% to 20%). That's all they care about.
Also, did you see this?
The Moment Gary Cohn Realized His Entire Economic Policy Is A Disaster
During an event for the Wall Street Journal's CEO Council, an editor at The Wall Street Journal asked the room: "If the tax reform bill goes through, do you plan to increase investment your company's investment, capital investment?" He asked for a show of hands. Alas, as the camera revealed, virtually nobody raised their hand. Responding to this "unexpected" lack of enthusiasm to invest in growth, Cohn had one question: "Why aren't the other hands up?"
The assumption that corporate tax cuts are going result in higher worker wages and investment is flawed.
The companies are going to use the extra cash to repurchase more of their own shares.