I think I'll end up breaking even on regular income and annual bonus under the plan. However, a component of another rolling long term bonus (they get awarded and paid annually once you get through a few years of awards) is discretionary free cash flow, which I'm pretty confident will be improved with a lower business tax burden. Whether it'll impact me will depend on what the current and future nominal rate ends up being.
I think business tax should be zero, so I'm generally aligned with this tax plan, but I'm disturbed by three things:
1) the Republicans are trying to trick people into thinking this is a tax revolution for the middle class, when at best it's a minor restructuring for corporations with a temporary reduction in tax for middle class folks.
2) little popular support for the plan: most people are aware the Republicans are not being honest, which is why it has so little support.
3) it will absolutely add to the national debt. Not a major concern for me, but you guys with kids should be concerned, since they will pay the price for it in the long run.
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