The framework for the GOP plan is out… and it … sucks (did you expect anything different?)
BREAKING: GOP tax plan kills deductions for student-loan interest and medical expenses. https://t.co/MchRNU94R4 @WSJPolitics
— Aaron Zitner (@aaronzitner) November 2, 2017
GOP intends to fuck over people who get sick, and people who want to get higher education. GOP likes a misinformed/sick populace. https://t.co/2p79E68p5e
— lawhawk (@lawhawk) November 2, 2017
The plan plays with the phase ins to shield the true intent. It’s still a huge giveaway to millionaires as it gets rid of the estate tax. It also eliminates the student loan interest deduction and medical expense deduction (which will hurt even more as GOP fucking around with health care costs means that those medical bills will pile up even further, and you’ll get no tax relief from those either).
But corporations get a huge break as the rate drops from 35% to 20%. Still have to see what happens with pass throughs and the tax brackets are still not identified.
In other words, this is the tax version of Trumpcare vaporware/malware.