11-06-2017, 04:53 PM
(11-06-2017, 03:32 PM)JustWinBaby Wrote: 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).
Yeah, it's a very convoluted plan. Didn't I read the NFIB even came out against it because of some of the things you're point out? I'd be interested to see what the Chamber of Commerce has to say, haven't looked it up, but I know they rep large and small alike, so it's a tough spot for them.
