Flowthrough businesses, baby!
His abolishment of the estate tax with miniscule cuts on earned income are not good for the middle class. This dipshit refuses to significantly cut taxes for people who get their ass out of bed everyday and go to work, creating surplus value for the economy, so he can subsidize the old money taxes he wants to abolish. Trump is a dumbass.
I tend to agree with you that Trump's does not seem likely to get this done. I would decrease the taxes on overseas income sufficiently to entice repatriation, double the standard deduction and somehow lower the rate on small businesses. I would leave the personal rates where they are... but maybe eliminate deductions that favor only the wealthy.
Why are we jacking up the deficit to create more unfillable jobs?
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Credits have a greater impact than exemptions. There is no way to accurately judge the proposed summary of the tax plan.
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