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You wouldn't see all the corporate welfare and the giveaways to the wealthy.

There's also just something so antithetical to American values about the SALT limitation in particular. Again, just to play devil's advocate, this is the one part of the law that actually seems somewhat progressive: it hits people who have very large mortgages and (because they earn more) pay more in taxes.

I'm not keen on the way that the plan pays for corporate tax cuts with a change in the way that individual’s tax brackets are indexed to inflation.

By using chained-CPI, individuals and families will move in to higher tax brackets more quickly than they would have under the prior system. And those layers are often forgotten by the 'Money is simple! Given how little Walmart would have to raise prices for example (pennies on most products) to pay its workers a living wage, and yet they don't do it, we can't ever assume corps will pay people more or lower prices or raise environmental standards or whatever else unless they are forced to. Certain aspects of the Tax Cuts and Jobs Act seem to explicitly target citizens in high tax states, which tend to be blue states, such as limiting the SALT deduction.

If "good for me personally" is purely financial and selfish, the raised standard deduction will benefit me and Mark now that we've just retired and likely won't itemize again in the future.

We've always itemized while working, but 2017 will be our last itemizing year, so timing is good for us in that sense.




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