(11-02-2017, 05:10 PM)jj82284 Wrote: I think the one thing that we can learn from this debate on taxes is that this country has a massive spending problem that we are going to have to deal with sooner or later.  In the meantime, we are stuck with this lowering rates while eliminating deductions shell game.  

I believe in supply side tax cuts.  I don't think that's what this bill is.  When Mitt Romney ran for president he gave an t.v. interview right before his plane took off for the next campaign stop.  In that interview he talked about the virtues of "revenue neutral tax reform."  He wanted to assure the American people that he wasn't REALLY lowering anyone's taxes.  He was just making the code simpler but everyone would pay just about the same.  His Vp at the time?  Paul Ryan.  Doubling Deductions, but eliminating exemption.  Lowering rates but taxing interest on student loans and medical expenses.  Lower corporate taxes but now a GLOBAL minimum profits tax and taxing business interest.  

Don't get me wrong, this is still a lot better than the debacle that we would have had with Shrillary, but I am not really all that enthused.  It's not about me personally.  I think I will probably wind up about the same next year.  The problem I have is that a lot of people that I talk to who hate Trump express a lot of open mindedness when we talk about tax cuts, but I am afraid that for the most part this isn't really going to be a tax cut for people.  Anyone who itemizes in a state with an income tax is going to pay higher.  I just don't see how the math is going to work.