Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Of all the follies of 2017, the most tawdry may be the GOP's headlong rush to pass a tax bill that even its proponents don't understand.The tax bill is a Rubik's Cube of potential problems, but the difficulties begin with the fact that it has been pushed through Congress in two months without hearings or careful analysis.The centerpiece of the legislation is a big cut in corporate taxes, down from 35 percent to roughly 20 percent.Congress' bookkeeper, the Joint Committee on Taxation, predicts that over 10 years, the tax law would balloon the deficit by roughly $1 trillion, even assuming that it stimulates new growth.An analysis by 13 law professors last week warned that the legislation will produce "tax games, roadblocks and glitches" as companies, individuals and state and local governments try to manipulate the new system.The tax bill implicitly punishes high-tax "blue states" by limiting the deductibility of state and local taxes.
Kerry’s memoir shows
a strong man
A portrait of a president who places image over principle
What’s the right way to deal with life in ‘Crazytown’?
FOLLOW THIS ARTICLE