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What do you think of the tax reform bill?

Notmesam Best Comment
Corporations and billionaires are rejoicing. The stock market will get a boost and your 401k will look good but for most working class Americans it'll be more work for less benefit..
@Notmesam Thanks for BA 馃憤

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jackjjackson61-69, M
Our yachts, jets and private islands are now fully deductible right? @lacsar
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jackjjackson61-69, M
Well duh the point is the costs may be immediately exoenses Esther than amortized 馃榾 @lacsar
ozgirl51226-30, F
You mean the one that cuts company taxes that they don't pay anyway?
SW-User
@ozgirl512 馃槀 Yes
jackjjackson61-69, M
Like a lot of long not completely understood or even read we are not going to know for awhile. Plus the bureaucrats in the swamp will be adding regulations affecting this unknown. So far we are all simply reacting to bits and pieces of opines and speculation sbout the unknown. Remember the good old days when George Bush simply have us all receive a tax refund check across the board? I think I understood that.
katielassF
It's not a final bill yet so I will reserve my opinion until it's final and I find out exactly what's in it. But I like the doubling of individual exemptions and I'm ok with doubling the child tax credit. and i like lowering the tax rate and reducing the rate on investment income.
SW-User
@katielass i like how you explain things
katielassF
@SW-User thank you.
Xuan1231-35, M
Doesn't sound great. I don't know everything that's in it, but a lot of things are worrying. Like scrapping the write-off for medical expenses, and making tuition waivers taxable. I think when they said they wanted to close loopholes, people thought they meant exploitations in the tax code, not the popular write offs and exemptions that are meant to be there.
SW-User
Next is cutting social programs to pay for the deficit. America became a very odd place in 2017.
SW-User
@SW-User you can say that again
SW-User
Oh damn, it's gonna be hard to fall asleep now....
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