The bill passed in the House in a 224 to 201 vote. Early Wednesday morning, the Senate approved the massive tax reform bill with a 51 to 48 vote. (Its probably a given the POTUS will sign it.)
From FoxNews a light assessment of the bill:
Tax Bill
It looks to me like it doesn't do a lot for the average guy, but does seem to help the wealthy.
Trickle Down Economics didn't really work when Reagan tried it. Maybe it will work this time....we can hope.
My choice would be to scrap the tax code entirely and replace it with a federal sales tax (supported by a cap on congressional spending based on annual federal income). That way everyone pays taxes, and if someone doesn't want to pay taxes...don't buy stuff. ( <<<<< way over simplified). But, not surprisingly, no one asked me.
Dec 20, 2017 @ 19:24:53
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