Corporate Rate cut permanently to 20%. - Thumbs up
Individual rates cut to 4 but the 39.6% max rate stays. - Thumbs down
Child Tax Credit giveaway increased to $1,600/kid - More free stuff
401(k) left alone and max contribution increased to 18.5K/yr - Thumbs up
Property taxes limited to 10K per year. - Stick it to the rich
Mortgage interest deduction cut in half for new home purchases over 500K in total debt. - Stick it to the rich
Alt Min goes away completely -
Estate tax exemption gets doubled immediately. Estate tax phased out in 6 years - Believe it when I see it. Doubling the Unified Credit is good though.
Foreign earned income rate cut to 12% for cash and 5% for non cash earnings. - Decent. Should bring some money back home.
No mention of the 25% rate for pass through entities. So where's the small business break they were talking about?
