Tax Reform Wage Gain Failure & the 20% Passthrough Deduction Mess

For MANY reasons, I am not a fan of the tax reform bill that was passed by Congress at the end of 2017. To summarize my dislike, it dramatically redistributes wealth to the top 1% in the form of income rate cuts to the top marginal brackets, a doubling of the estate tax exemption to $22.4 million, and a dramatic corporate tax cut of from 35% to 21%. Meanwhile, it blows a $2.3 trillion hole in the deficit, and when paired with massive spending increases, the annual budget deficit will likely pass $1 trillion next year (more than double just The post Tax Reform Wage Gain Failure & the...

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