Originally Posted By: bill

Originally Posted By: Canez
Originally Posted By: doekiller
It eliminates the deduction for state and local taxes. That would hurt 40 million people, primarily residents in high-tax states like California and New York. It would add $1.3 trillion to federal revenues.


Yes but it also heavily cuts taxes on corporations and other highly taxed individuals.

Rep. Kevin Brady also confirmed this would add nearly 1.5 trillion to the debt over ten years.


Highly taxed (39.6%) "individuals" will receive nothing in this plan. They will see an increase if they live in a state with income tax.


True, but not true if married filing jointly as the threshold have changed by double.

Bottom line is that tax rate reduction drives economic growth. Progressives will always call that a "loss of revenue" because they will not look at what more money in the pockets means to job creation and wages. You and I get it, but some don't see it.

"The grass withers, the flower fades, But the word of our God stands forever." Isaiah 40:8

"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt.� Samuel Adams