Reply to Do you think Trump's tax proposal will pass?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]If The liberals could stop criticizing Trump for 10 seconds, there are some recent positives with the Senate bill:

1) AMT back in
2) Property tax deduction up to $10k
3)!Medical deduction not on,y back in, but threshold drops back to 7.5% (you might remember that Obama raised this tax as part of Obamacare.....hurt a lot lot middle-class people with medical expenses)

4) Repatriation rate up from 7% to 14%! (Matches House bill)

I know liberals will complain no matter what, but it's looking better. It's going to pass.

[/quote]
This is an improvement and I am glad to see that they were responsive to the feedback on these items.
Any word on the measures that impact higher education (students and universities), the state and local tax deduction, the carried interest loophole, the estate tax repeal (which will make it even harder to remove the role of money in our politics) and the use of chained CPI which will push taxpayers into higher tax brackets much more quickly.  Also do the tax credits for families still sunset?  
I am also really hoping they don't have some weird trigger that increases our taxes when tax revenues fall during a recession.  I see that Jeff Flake is on board now which makes me wonder if they were able to find some trigger to raise rates when revenues fall which is most likely to happen during a recession.  This is basically a recipe for making a recession worse.  It is what state governments end up doing (because most have laws requiring them to balance their budgets) and it results in making their recessions worse and last longer.  
I don't see any of the above in the Senate amendments shown in this Hill article from two hours ago
http://thehill.com/blogs/blog-briefing-room/362829-mccaskill-lobbyists-gave-dems-a-list-of-gop-amendments-to-tax-bill

It also looks like the medical expenses deduction might only be for 2017 and 2018 (I am not sure if I am reading this correctly).  [/quote]

From the article you included in the link above, that's just gross that the only way we are being informed about how this tax plan occurs is from a list provided by Republicans to lobbyists.    The list she circulates shows that religious school instruction deduction is being added back in.  I assume secular private school deductions are not?

[/quote]

So does that mean deductions for parents of students at St Albans and Sidwell?[/quote]
How can they justify singling parochial schools out for preferential treatment?[/quote]

The same way they justify not closing the carried interest loophole that make hedge fund managers billionaires while saying there isn't enough money to fund the Children's Health Insurance Plan.[/quote]

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