Two Smart Changes Have Made the GOP Tax Bill Passable

Townhall.com ^ | Nov 14, 2017 | Peter Roff

[Oldeconomybuyer]

> Perhaps she should leave that tax hellhole <

Couldn’t agree more, but in the meantime it would be nice if the GOP in DC didn’t raise taxes on her family. My daughter and her family are in the bullseye of this pathetic attempt at “tax reform”. It’s deductible reform.

[Oldeconomybuyer]

> uniform import tariff <

For all federal revenue? There are good ideas, bad ideas, and REALLY bad ideas. That’s the later.

[sheana]

I’ll spit with you.

[SunkenCiv]

Thanks Oshkalaboomboom.

Brady took most of their negative talking points away in one fell swoop with two simple changes. First and foremost, he resurrected the adoption tax credit. Politically, this had to be done after everyone from Sen. Ben Sasse (R-Neb.), and a multitude of influential social conservative organizations, to left-leaning media outlets like Vox and the Huffington Post expressed outrage over its repeal. Adding new financial barriers to parenting made the GOP look cold and unfeeling and could even be said to have laid the groundwork for an increase in the commonality of abortion, however inadvertently. Brady, who is the father of two adopted children, quickly picked up on this point and swiftly added it back into the bill with reasonable conditions. Next, Brady responded to Republican criticism of how the plan did not help enough small businesses by further slashing the top rate for active owners in "pass-through" companies -- firms where business owners pay taxes through the income tax rather than the corporate tax -- to nine-percent on their first $75,000 of taxable income. By ensuring that this new, special rate would only apply to those who make less than $150,000 from these firms, all while putting more higher income earners in the House's 14-percent lower top rate, he ensured that detractors would have less reason to label this bill a giveaway to the rich.