Congress announced today that the House and the Senate had reached key compromises on the tax reform bill. Don't expect the average citizen to benefit from the compromises though. One lowers the highest personal tax rate to 37% but all that means is that rich people will pay a little less if they ever really paid anything at all. That's what tax lawyers and tax accountants are for after all. The compromises also included abolition of the Alternate Minimum Tax for corporations, a tax that was instituted in a vain attempt to get at least some money from corporations who also use tax accountants and tax lawyers. Keep in mind that any time high rollers and corporations avoid paying tax the slack has to be picked up by the middle class or by reducing or eliminating benefits that ordinary folks receive, like the Medicaid that your aging parents rely on for nursing home care.
So I am happy that Doug Jones won in Alabama but there isn't really very good news about the state of the country today. They hope to vote before the end of the year so they can start harming you and yours as soon as 1/1/18. Happy new year.
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