I am hearing bits and pieces of this tax reform package, and I do not like anything I am hearing. Healthcare cost, student loan debt interest, home mortgage Interest, property tax deduction going away are things low/moderate income people depend on, just to give corporate tax cuts. Lowering the tax rates for the richest is just wrong.
But what concerns me the most is something our founding fathers spoke directly about and that is the permanent aristocracy being entrenched generationally. Ending or limiting the estate tax is very wrong and gives a backhand to the American people.
The estate tax only affects a micro amount of the population, but it will impact the debt forever and force cuts to the social safety net so needed by so many. Trickle down doesn't work. It makes the rich richer — proven by Reagan tax cuts. And wages do not go up, proven again by Reagan.
One more point that needs to be addressed: "Don’t tax you, Don’t tax me, Tax the man hiding behind the tree.” Who is that man? Wall Street. They have had a free pass for 50 years.
It is time for a financial transaction tax on all stock and bond transactions — no exceptions. The first $15K of transactions are exempt per year to allow for retirement savings by everybody; after that, the tax per tax id number is in full effect. That would help a bunch.
TIM LIENAU, Menomonie