By the time you finish with the cuts and the loophole endings, this bill isn’t a giant tax cut.
The secret as always, is to adjust to take advantage of what is given and ameliorate what is taken. Been doing that for almost 40 years, it works fine.
I have yet to hear anyone explain what exactly is supposed to be accomplished with this tax reform bill. If the purpose is to get companies to move here and hire more Americans, then it will be completely ineffective because it doesn’t address actual costs associated with hiring employees here in the U.S. Cutting corporate taxes without cutting payroll taxes and eliminating ObamaCare mandates will do absolutely nothing to incentivize hiring.
“By the time you finish with the cuts and the loophole endings, this bill isn’t a giant tax cut.”
Tax rate cuts for all income groups...
Doubling the standard deduction...these will end up amounting to the largest tax cut in history...
It’s not perfect but it is much better than the alternative Democrat plan which would seem more stagnant growth and likely higher rates.