Sunday, 3 December 2017

Tax Reform or Tax Perversion?

The Senate Republican tax bill is now so bastardized one cannot properly call it "reform." I propose starting all over.
Moments ago, the Senate Finance Committee Voted 11-10 to Approve Senate Tax Plan.
Senator Ron Johnson of Wisconsin and Bob Corker of Tennessee resolved their differences.
The positions of Johnson and Bob Corker were at odds. Johnson wants to lower pass-through taxes for small businesses, which will add to the deficit.
“My primary issue is pass-throughs,” Mr. Johnson said. “The good news is everybody agrees it’s a problem, it has to be fixed. I just keep getting assurances it’s going to be fixed, I just want to see how.”

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