>>>when have the dems proposed doubling the standard exemption
Sure they doubled the standard deduction, but they took away the personal exemption. Those that currently itemize and large families get hosed wrt to taxable income.
I don’t see that in the article but we will have to see all the pluses and minueses. But the article does say THIS
“Republicans Wednesday unveiled their framework for a major tax overhaul, which includes big cuts to corporate taxes and lowering individual tax rates, and completely nixing the estate tax.”
... which sounds good to me.
Those that are forced into paying large sums of money via alimony because of divorce get hosed too. (I'm one of those...)
I'm all for tax cuts, I'm all for tax reform however when I'm not rich by any stretch of the imagination and I end up paying more? That's not a cut and that's certainly NOT reform.
Reform means GOVERNMENT SPENDS LESS. That's nowhere to be found here.