They could've made a palatable tax change that came in under $1.5 trillion
Or they could've made tax cuts that are universally popular (like an increase in the child tax deduction) a larger part of the bill.
But they didn't. They set the corporate tax rate at 20% and added a bunch of garbage to fill it out. Most experts I saw were expecting 25% initially, so if they would've used that, they could've had a lot more money to give out to everyone.
Regardless, this was hurried, and there has been no time to try and fix some of the more egregious parts of the bill. It's kind of sad that this significant bill isn't getting a thorough debate or time for the general public to fully understand all the implications.
|
(
In response to this post by Hoodafan)
Posted: 11/29/2017 at 2:08PM