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Debate
Tax reform is a Trojan horse. There might be some tax reform where deductions are taken away and the rate is lowered. Eventually the tax rates will rise but there will not be any deductions.
therewillbewar
therewillbewar
Historical precedence. This scenario happened in 1986. The deductions and rates were lowered. Eventually the rates were hiked but there were less deductions.
Open Discussion
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therewillbewar
Tax reform is a Trojan horse. There might be some tax reform where deductions are taken away and the rate is lowered. Eventually the tax rates will rise but there will not be any deductions.