The current economic climate in the US is absolutely baffling, how we allow it to continue. How we allow ourselves to explain away the enormous and unnecessary struggle that so many American families find themselves in. The wealth gap in a country with this much wealth and resources is criminal. Any economic policy, including tax reform, should first and foremost attempt to address this entirely immoral and unethical economy.
Some individuals in low or no local income tax states will benefit, sure. Small businesses who are structured as pass through businesses will benefit. However, Trump's company is also structured as a pass through. More and more large corporations are taking advantage of this as well.
This bill is primarily corporate welfare and a tax cut for the rich. This goes against any moral or ethical tax reform in a country with so many struggling communities, and the few at the very top would continue to get even more breaks with this tax bill. Higher and higher corporate profits has never been the solution. They've been doing just fine the past decade while lower and middle class America has continued to struggle.
This tax bill is more crusty, old, proven bad conservative economic policy. We've been through this before at least 3 times since Reagan. We need policy that addresses the unbelievable wealth gap and limited class mobility. If it doesn't address that before anything else, it doesn't deserve anyone's time.
