ehhh.......too little too late. I haven't got too far into the nuts and bolts of it. Theres not much more than an outline anyway.
But there is little here that helps us out.
Small business tax for one. Although they don't define what a small business is.
25% down from 35% good
Less brackets? 3 from 7. meh
Less accountants are good. You think they will downsize the IRS as well? (hint: they won't)
No "Death Tax" good.
This Tweet from Chuck Schumer shows the typical politicians mindset about taxes.
Uhh......and who taxes the middle class twice exactly in New York? Could it be the State of New York? Hmm......? Maybe don't double tax your own citizens instead of whining about it? Idiot.
Texas doesn't have a State Income Tax because our State Government is efficient. So we luckily get to subsidize states in the red like New York and California.
(I'm being sarcastic if you couldn't tell)
Conclusion
I don't have high hopes for anything this administration tried to achieve. Healthcare was a bust after 7.5 years of "planning" and then they punted.
So tax reform? Sure, give it the ol' college try!
Unless you are talking about a flat tax or a fair tax........or (gulp) no tax....... don't bother.
Furthermore any talk of tax cuts without addressing the federal deficit or balancing the budget just doesn't make sense to me.
21 Trillion Dollars anyone? Bueller?
Taxation Is Theft Anyway
Remember? We had a war and started a country about it that one time.
Remember this Chuck Schumer?
Ok my virgin steemit political rant is done. Now back to our regularly scheduled mom posts........
Love Always,
