But the swamp got some wins too, as special interest goodies like the mortgage interest deduction and state/local tax deduction are preserved. And the top rate of 39.5 percent was not eliminated as it should have been
GOP releases tax reform plan: Highlights are lower rates, higher standard deductions, no more death tax
I will support this all day long for six reasons:
Lower rates are better rates.
Fewer rates are better than more rates.
Higher standard deducations are essesntially the same as lower rates, and they apply to everyone.
A massive corporate tax cut from 35 percent to 20 percent is absolutely huge.
The inheritance tax is terrible policy.
The alternative minimum tax is even worse policy. Read Full Article...
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I will support this all day long for six reasons:
