GOP releases tax reform plan: Highlights are lower rates, higher standard deductions, no more death tax
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
By Dan Calabrese —— Bio and Archives--November 2, 2017
American Politics, News | Comments | Back To Full Article
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.
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