It makes no difference, the 3 RINO’s will kill this just like they killed obamacare repeal.
Carried interest tax adjustment would bring in $2 billion a year...
Hearings on the bill are the best situation comedy on TV today (well, except for reruns of some really old shows). There are so many obvious flaws that *crew the middle class and set smaller businesses up to be overwhelmed by their globalist large-business competitors. There’s nothing in either bill that stops repatriated money from being used to line the pockets of upper-tier employees and owners and from using the money to buy out smaller competitors. That’s what the banks did with the money they got after their crisis.
The masterminds coming up with these “tax reform” plans cannot or will not relinquish their power over taxpayers, so they pick winners and losers instead of simple tax rate reductions across the board. Perhaps get rid of the Death Tax and EITC in a simple 1-page bill.
Spit.
Nope. He saved the new form of double taxation for state and local income taxes.