11-06-2017, 03:32 PM
(11-06-2017, 12:20 PM)Belsnickel Wrote: I'm surprised it made it in at all. It seems to be very counter-intuitive from a conservative standpoint.
The corporate tax cut is a good thing, then it's mainly a question of how you pay for it.
That cut in corporate rates accrues to the equity holders, so to me what should be done is raising the cap gains rate on higher income individuals. That's not what they are doing, instead eliminating a hodge-podge of largely unrelated deductions to get there.
Overall, it appears to be a very complicated way to give a cut to a pretty narrowly targeted group (primarily small-business owners earning over $250k).
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