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It also bears mentioning that some of the proposals in the current plan are surprisingly well-considered. Also, it's not like all of it even hews to traditional
by eldavido 9y ago
It also bears mentioning that some of the proposals in the current plan are surprisingly well-considered. Also, it's not like all of it even hews to traditional republican orthodoxy. A few things I've read:
- Removing state exemptions. This concentrates more control at the federal level and is anti-states' rights which is arguably anti-Republican.
- Mortgage interest deduction removal/lowering the cap. Economists left and right agree this deduction is a huge sop to the rich, who own homes (the poor rent).
- Reducing corporate tax rates. The Economist makes the point constantly that the US's corporate taxes are some of the highest in the OECD and that shareholders, rather than corporations, should be taxed. These high rates also encourage crazy behavior like inversion transactions and tax games with repatriation, etc.
- davidw 9y agoHere's The Economist on this tax bill: https://www.economist.com/news/leaders/21731166-house-republicans-have-written-bad-bill-it-could-be-made-better-how-make-republican https://www.economist.com/news/leaders/21731166-house-republ... tl;dr: it's bad, but includes a few good things, and could potentially be improved.