By Robert Laurie —— Bio and Archives--November 13, 2017
The House tax bill apparently wants to tax the rich at an astronomical %46. It also hammers away at popular deductions for medical costs, home sales, moving expenses, tuition assistance, daycare expenses, and student loan interest. Over in the Senate, they want to keep the death tax, delay corporate tax cuts at least a year, and they can't seem to agree on the size of the child tax credit. Neither bill claims to offer a tax overhaul that will benefit every American. But - allegedly - they'll both "simplify" the process of filing.
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