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Dec 24, 2017 23:43:15   #
Here is a partial list of businesses response to the new tax law.

*U.S. Bank of America employees making up to $150,000 per year in total compensation – about 145,000 teammates – will receive a one-time bonus of $1,000 by year-end.
*PNC Financial Services will give $1,000 bonus to about 47,500 workers.
*New Braunfels-based Rush Enterprises of Texas is giving each of its 6,600 employees a $1,000 bonus – a total of $6.6 million. Chief Financial Officer Steven Keller said: “You’ve got a choice – we could’ve kept it and stuffed it in the company bank account or coffers, or we can share it with the people.”
*Associated Bank in Wisconsin boosted its minimum hourly wage to $15 and paying workers a $500 bonus.
*Idaho health-care and home-products company Melaleuca Inc. is providing its 2,000 employees $100 bonuses for every year they worked for the company. The company has 147 employees who have worked for the company for 20 years or more.
*In Hawaii, Royal Hawaiian Heritage Jewelry plans to open up three more shops – in Honolulu, in Kauai and Maui in addition to its existing three shops.
*Washington Federal in Seattle will increase wages for most of its workers by 5 percent and is adding 25 people to its information-technology staff.
*Aquesta Financial Holdings in Cornelius, N.C., will raise hourly pay to $15 and will be giving $1,000 bonuses to all of it workers.
*Canary LLC announced it will hire new employees and purchase more equipment.
*First Hawaiian Bank said it will give out $1,500 cash bonuses to 2,264 employees, or all but 11 members of its senior management team. The state’s largest bank also will increase its minimum wage to $15 an hour from $12.75 an hour for 613 employees.
*Bank of Hawaii, the state’s second-largest bank, said it will give out $1,000 cash bonuses to 2,074 employees, or 95 percent of its workforce. The bonuses affect all employees below the senior vice president level. The bank also will increase its minimum wage to $15 an hour from $12 an hour.
*American Savings Bank, the third-largest bank in Hawaii, said it will award $1,000 bonuses to nearly all of its employees. In addition, the bank said it was increasing its starting wage to $15.25 an hour from $12.21 an hour.
*AT&T expanding its bonus program to an additional 200,000 staffers getting $1,000 apiece.
*Boeing gift of $300 million in investment in its employee-related charitable program “to support our heroes, our homes and our future.”
*Wells Fargo raises minimum wage to $15.
*Fifth Third raises minimum wage to $15 and offering bonuses of $1,000 to 13,000 employees.
*Comcast NBC Universal anted up $1,000 bonuses to more than 100,000 non-executive employees.
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Dec 24, 2017 22:29:52   #
Very good. Thanks. I loved them.
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Dec 24, 2017 22:07:51   #
Nickolai wrote:
Not It was decades of right wing deregulation, trickle down economics, and a policy of barrow and spend and war. It all came to a climax in 2007-8 when the debt bubble collapse. The day Obama entered the oval office there was a deficit I a trillion 300 billion on the desk ,750 jobs per month going in the toilet and the wall investment banks going belly up and more than 250 depository banks would ultimately go belly up and taken over by the taxpayers through FDIC the only aspect of the 1933 Glass Stegall Act designed to prevent such bank panics and depressions. A bill that was repealed in 1999 and allowed the rise of the too big to jail banks
Not It was decades of right wing deregulation, tr... (show quote)


Decades of right wing deregulation? There was deregulation under Reagan. But have there been any Republicans engaging in deregulation since until Trump? I know there have been plenty of new regulations. There has not been a right wing president since Reagan. To blame him for the 2008 crash is a big stretch. And don't count G W Bush as right wing. He fits right in with Clinton and Obama. Same New World Order kinda guy. G W added more than a thousand new regulations. Obama added nearly 4 thousand regulations. Sometimes hundreds in a single month. In fact the only president since Reagan who engaged in deregulation was Clinton. So was he right wing?
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Dec 24, 2017 21:25:10   #
straightUp wrote:
JFlorio... If you're on a plane and the pilot decides to fly straight toward the side of a mountain would you get behind the plan just because the pilot has decided? What if some of the passengers are convinced the mountain will duck and going straight will wind up being the quickest route? Would it be fair of them to suggest you're being a poor sport for suggesting the possibility of death and destruction? Would it be unreasonable for them to suggest that you are just HOPING the plane crashes?

If you're thinking this is hardly a fair comparison because we all know mountains don't duck, well guess again because tax cuts don't automatically pay for themselves either nor do they automatically guarantee jobs... but one fact is already mathematically proven... the tax cuts will add $1.5 trillion to the national debt unless some magic happens. So the plan is to saddle us with $1.5 trillion dollars in debt and tell us to hope for the best. Yeah, that's not a good plan for us JFlorio, maybe it's a good plan for the tycoons, but for the average American family with very little margin for games, it really isn't a good idea.

Then there is also the ulterior motives that are really quite obvious to most Americans... So if I'm hoping for failure, it would be the failure of oligarchic s**m to fleece the American family, that I hope for.
JFlorio... If you're on a plane and the pilot deci... (show quote)


No it isn't a fact it will wind up increasing the debt by $1.5 Trillion. That figure assumes there will be Zero growth. Zero new jobs. Zero pay increases. If the tax plan works, there will be MORE revenue collected even while the tax rate is lower. More production = more people working = more taxes collected from the business and more income tax from the employees. That is without considering any wage increases. How much? Only time will tell.
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Dec 24, 2017 20:26:17   #
This country wasn't formed as a democracy anyway. It was and is a republic. And where do you come up with the 75% figure? The same place that said polls showed Hillary way ahead and Trump hadn't a chance? If this isn't a figure just taken off the top of someone's head; it would be only be accurate to say 75% of those polled are against it. The next question would be, "Who was polled?"
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Dec 23, 2017 18:43:11   #
permafrost wrote:
I would not be worried about the Phoenix... No one liked it much except the mfg..

U.S. combat experience[edit]

An AIM-54 hitting a QF-4B target drone, 1983.
On January 5, 1999, a pair of US F-14s fired two Phoenixes at Iraqi MiG-25s southeast of Baghdad. Both AIM-54s' rocket motors failed and neither missile hit its target.[5][6]
On September 9, 1999, another US F-14 launched an AIM-54 at an Iraqi MiG-23 that was heading south into the no-fly zone from Al Taqaddum air base west of Baghdad. The missile missed, eventually going into the ground after the Iraqi fighter reversed course and fled north.[7]

An AIM-54 Phoenix being attached to an F-14 wing pylon before the forward fins were installed (2003).
The AIM-54 Phoenix was retired from USN service on September 30, 2004. F-14 Tomcats were retired on September 22, 2006. They were replaced by shorter-range AIM-120 AMRAAMs, employed on the F/A-18E/F Super Hornet.

Despite the much-vaunted capabilities, the Phoenix was rarely used in combat, with only two confirmed launches and no confirmed targets destroyed in US Navy service, though a large number of k**ls were claimed by Iranian F-14s during the Iran–Iraq War. The USAF F-15 Eagle had responsibility for overland combat air patrol duties in Operation Desert Storm in 1991, primarily because of the onboard F-15 IFF capabilities. The Tomcat did not have the requisite IFF capability mandated by the JFACC to satisfy the rules of engagement to utilize the Phoenix capability at beyond visual range. The AIM-54 was not adopted by any foreign nation besides Iran, or any other US armed service, and was not used on any aircraft other than the F-14.

>>>>>>>>>>>>>>>>>>

On April 9, 1972, Iraq and the Soviet Union signed an historic agreement. The USSR committed to arming the Arab republic with the latest weaponry. In return for sending Baghdad guns, tanks and jet fighters, Moscow got just one thing — influence … in a region that held most of the world’s accessible oil.

In neighboring Iran, news of Iraq’s alliance with the Soviets exploded like a bomb. Ethnically Persian and predominately Shia, Iran was — and still is — a bitter rival of Iraq’s Sunni Arab establishment, which during the 1970s dominated the country’s politics.

The administration of U.S. president Richard Nixon was all too eager to grant the shah’s wish in exchange for Iran’s help balancing a rising Soviet Union. Nixon and his national security adviser Henry Kissinger visited Tehran in May 1972 — and promptly offered the shah a “blank check.” Any weapons the king wanted and could pay for, he would get — regardless of the Pentagon’s own reservations and the State Department’s stringent export policies.

That’s how, starting in the mid-1970s, Iran became the only country besides the United States to operate arguably the most powerful interceptor jet ever built — the Grumman F-14 Tomcat, a swing-wing carrier fighter packing a sophisticated radar and long-range AIM-54 Phoenix air-to-air missiles

In 1974, the shah ordered 80 of the fighters plus spare parts and 284 Phoenix missiles at a cost of $2 billion. Seventy-nine of the Tomcats arrived before the Islamic Revolution forced the shah into exile in Egypt and compelled the United States to impose an arms embargo. The U.S. Navy eventually scooped up the 80th plane for one of its test squadrons.

In negotiating to free American hostages that an Iran-backed militant group was holding in Lebanon, the administration of Pres. Ronald Reagan agreed to t***sfer to Tehran badly-needed military equipment, reportedly including Phoenix missiles and bomb racks. Iranian engineers added the bomb racks to four of the F-14s as early as 1985, t***sforming the Tomcats into heavy ground-attack planes. Years later, the U.S. Navy would modify its own F-14s in the same way.

By the war’s end in 1988, 34 of the 68 surviving F-14s were airworthy. But just two of the Persian Tomcats had working radars. And Iran had expended all of its original consignment of Phoenixes. More Phoenixes reportedly arrived as part of the hostages-for-arms deal with the United States, and in the post-war years Iranian Aircraft Industries experimented with “new” weaponry for the F-14 — including modified Hawk surface-to-air missiles that the shah had bought from the United States as well as Soviet-supplied R-73 missiles
I would not be worried about the Phoenix... No one... (show quote)


Thanks. You've just filled in some holes for me. I was a WAC so had no experience of fighter jets, let alone Navy fighters. But my son always praised the F14s.
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Dec 23, 2017 14:47:52   #
Morgan wrote:
From Hoover to Obama the biggest economic growth happened during FDR's presidency, with the real GDP per capita increased by 5.25% each year.
Kennedy/Johson...3.93
Clinton................2.91
Reagan................2.65
Carter..................2.19
Nixon/Ford...........1.81
Eisenhower...........1.19
G W. Bush............1.1
G.H. Bush..............0.95
Truman................-0.35
Obama.................-0.42
Hoover..................-6.88
http://www.statista.com/statistics/238600/gdp-per-capita-growth-by-us-president-from-hoover-to-obama/

Trump... he's a wall street player, he's rubbing shoulders and making his deals, from his words "he's a deal maker", correct, only time will tell if he's working for himself and his cronies, and with this new tax deal where he will make billions, or for the American people, who may either be brought to their knees or are left standing. This is why he has done well in the market, I believe it may be called, you know...payback. The good old boy you rub mine and I'll rub yours.

As far as job growth that may be only to the midterms, who's to say, another wait and see.

As for regulations, he himself has recently stated that for every regulation, he has deregulated 20, now I haven't checked into that yet it might be more hot air. But when a president does a move the emulates a dictator as inputting a gag order on all research from the EPA, I would say that is a good example of completely dismantling a government program that has been put in place for the safety and welfare of its people, that is a clear sign of a leader Not for its people.

As far as the military spending, let's talk about who really put him in office along with Wall Street. Aphganistan was 2.1 million alone. The military and government spending are lead weights in a sinking boat. Nothing but expense.

Most of all as far as Trump speaking to the people, I heard him say over and over..." believe me"... tell me, why should we...he's a proven liar. he's lost all trust and credibility.
From Hoover to Obama the biggest economic growth h... (show quote)


Did you ever think that there could be other ways of making money in business than paybacks. Of course that is the norm for politicians. But businessmen are more likely to make money through doing business.


Yes it is possible that growth will not continue or not at this rate. So we will see.

As for the EPA. Yes that was its intent. But it hasn't been being used for the public but often against the public in recent years. Not to mention, how can 4000 regulations in one year be even understood yet implemented. Then there is the cost to the public in dollars. Each year under Obama, $100 billion was spent on the EPA. That figure is from 2015 so it was almost surely higher in 2016 when he increased his regulatory signings. How much of that t***slated into increased safety or welfare for the American people? And they were unconstitutionally exceeding their authority. The Supreme Court issued a stay on new CPP regulations. Yet the EPA ignored them and went ahead and implemented the new regs anyway. And that is just the EPA.

So do you think that having a weak military is a good thing? Will other countries opposed to us not feel emboldened by our lack of teeth? The only reason so many of our allies can get by with a weak or non-existent military, is they rely on us to protect them. Who will protect us if we let our military fall?

And Hillary and Obama were not liars? Have you never lied? Many times when the news said he lied about something, a little checking proved him correct. Remember in one of his debates with Hillary when the monitor said he was lying about Stop and Frisk? The monitor said it had been found unconstitutional by the Supreme court. Trump stated that was untrue and went on to detail the case. The news still claimed he was lying. Then someone actually checked and found he was 100% correct. Many of the times the news has called him a liar has turned out this way. I'm sure he has lied occasionally. Who doesn't. Anyone who has can be called a liar. So yes, he and everyone I know can be so labeled. But the term is usually used for habitual liars. So if you want to label him a liar, you will in all honesty also label Hillary and Obama as liars as well. Hillary has been documented as lying to Congress and the FBI. Both have lied on camera to the American people.
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Dec 23, 2017 12:25:27   #
permafrost wrote:
Today…you’ve observed that the United States is no longer regarded as a positive entity around the world, and that Trump’s disrespect towards the other nations of the world is not something that we’re prepared to tolerate. To threaten other countries on the basis of their approval of Trump comes dangerously close to trying to promote an international cult of personality: it’s a case of “Either be nice to me and follow my lead, or face the consequences.” That’s not acceptable behaviour from a man sitting in that office. But it is absolutely clear that the concept of “Leader of the Free World” certainly no longer belongs to the President of the United States, and most clearly not while Donald Trump occupies that particular office.

Why has the UN treated Trump with disrespect? Because he damn well deserves it. His actions have been disrespectful to the world, and highly disrespectful to his office. And we have no problem saying so.
Today…you’ve observed that the United States is no... (show quote)


So by saying "I won't give you money you come with a hand out for." You consider that a threat? Why does the US 'owe' other countries charity. To stop handing out freebies is not a threat. We are not obligated to giving money. If you were giving charitably, would you continue to give to someone who made no bones about being opposed to you or even hating you? For those who have come out to say they will not be threatened into changing their v**e; fine. It is their choice. But they shouldn't then expect to be rewarded for biting the hand that feeds them.
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Dec 23, 2017 12:14:42   #
lindajoy wrote:
Well said and Thank You...

See you’re new, Welcome and enjoy.. Great people, great topics..
Hope to read more of your posts..

Policy is different and exactly what was needed..

The accomplishments achieved in spite of the d******eness, obstruction and derailment intended is amazing..


Thanks for the welcome.
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Dec 23, 2017 00:54:29   #
Nickolai wrote:
Well we recovered from the worst recession since the great depression and 11.3 million jobs were recovered under Obama and the trend has continued under Trump He had nothing to do with it since no economic policies have been changed but Trump loves to take credit for things he hasn't done


Those weren't job recovered. Many were government subsidized jobs. Taking taxes from some of the middle class to give jobs to others. Also, many people who lost good jobs could only find part time work so took two part time jobs. So the count of 11.3 million jobs was by number of jobs. Not quality of jobs. So the figure is very misleading.

And no the trend is NOT continuing under Trump. The jobs now are not government created jobs paid for by taxpayers. But business created jobs, mostly small business and corporations. So this is a true jobs growth and economic growth. Looking at the GDP alone will tell you that. Under Obama the GDP started at 2.2% and after his "recovery" was down to 1.2% by the time he left office. Under Trump he started with the 1.2% from Obama and it has grown to 3.5% as of the last quarter.

Their policies are very different. Trade policies-polar opposites. Tax policies-polar opposites. Regulation policies-polar opposites. Jobs--while not polar opposites, Obama created jobs through subsidizing and creating through taxpayers while Trump has been "creating" jobs by making job expansion desirable for businesses through a friendlier economic environment. Health Care reforms-near polar opposites.
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Dec 23, 2017 00:20:41   #
Morgan wrote:
Yes you did, I was speaking of the "quote reply" which goes directly to whom you're responding to.


You're addressing two different things, one is working within a finite budget, the other is how it is spent, and yes both are concerns. Yes simply put you are correct how the deficit is created and when one makes a budget plan that will already over spend our budget, well... that's not a very good plan, wouldn't you say. That seems to be the way of, shall we say, the right.

If you look in our history of growth you'll see it is under the left's budget plan guidelines have worked. As a matter of fact I believe there is a graph earlier posted on this very point.[/quote]

I agree regulations should be looked at, and with some critical thinking extrapolate what is not needed and not abolish it completely, that's simply put, is unreasonable.

Corporations have promised, as the old extrapolate goes, I'll believe it when I see it, and not for some temporary time, let's see if it goes the long run or just conveniently to the next midterm.[/quote]

Ah. I think I've got it now.

The GDP must be at least 3% for growth. By the end of President Clinton's time in office, it had grown to 3.7% from a starting point of 2.9% left from President G H W Bush. It dropped under President G W Bush from 3.7% to 2.2%. President Obama while making statements that the country had recovered, had the GDP dropping over his entire two terms. He left office with the GDP at a whopping 1.2%. Under President Trump it has been steadily rising and as of this last quarter was 3.2% and still rising. Who knows how high. Can it reach what it was under President Johnson at over 5%? Or even President Kennedy over 4%? Out of P. Clinton, P. G W Bush, P. Obama, and P. Trump; only Trump is right of center.

As for regulations, do you mean not abolish any regulation completely, or not abolish all regulations completely? If the latter, no one is simply abolishing regulations completely or even randomly. Each which is abolished have been looked at by our President.

I agree that we shouldn't simply accept the corporations at their word. So as far as the tax cuts there are two things we can do to determine if they are a good thing or not. One is read it. The other is wait. But the tax cut is only one portion of President Trump's economic policy. Look at what has happened in only one year. The stock market has done remarkably well. New small businesses have been opening in many, if not most states. There is building going on and boarded up abandoned businesses are reopening or the buildings being bought up and opening as new businesses. Trade has improved and is more equitable to the US. Unemployment is lower than it has been since 1971. And yes, that means lower than under President Clinton or under President Reagan. Minority unemployment is lower than it has ever been.

So to say that under the left, budgets have worked; is erroneous. Nor would it be any truer to say the opposite if you equate right with Republican administrations. The only reason things seemed as well as they did under President Clinton, was he borrowed from Peter to pay Paul. In fact he gutted our military so bad that we were left with a single carrier. He not only retired ships and planes, he sold our only fighter which could fire the Phoenix missile to Iran. This was the F14-Tomcat. He at least did not sell them any of our Phoenix missiles which we could not use without the Tomcat; but don't worry. President Obama GAVE the Phoenix missiles to Iran. So now they have one of the best, if not the best both air to air and air to ground missiles ever designed which can hit 6 targets simultaneously; but the best of the F series fighter jets that ever was built.

But I degress. The two post WWII presidents with the highest GDP in a single year were Truman and Reagan. One a Democrat and the other a Republican. Each had their high year of GDP over 7%. The President with the lowest was President Obama with low of 1.2% and a high of 2.1%.
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Dec 22, 2017 19:53:11   #
I did hit the reply button.

So you don't worry about the deficit when free services paid by taxpayers are given to i******s. When thousands of refugees are admitted into our country. When billions are given to Iran. But let the taxpayers get a little back and the deficit suddenly becomes a priority. In its most simplified explanation, the deficit is created by more money being spent than is collected.

The left's solution is to raise taxes so high that the larger tax payers will do their business, or even take themselves, elsewhere. So that does little to address the problem. Especially when hundreds of regulations are added to the mix. The left then addresses the problem of all those out of work Americans left high and dry by the outsourced jobs. Their solution, raise taxes more and use taxpayer's money to create and/or subsidize jobs. And while they are at it, fund as many government funded projects as they can. Taxes can always be be raised more.

The right's solutions are polar opposites. Reduce taxes and regulations. Encourage business to remain and/or return by both the incentive of less regulations and lower taxes, and by charging a tariff for any goods brought into the US which was made outside our country by employees who are not Americans. The businesses need to hire employees and with lower taxes they can pay higher wages. [This is already happening! Several corporations have announced wage increases, new hiring, and bonuses for hundreds of thousands of employees since the tax bill passed.]. Americans both get a tax reduction and higher wages and better jobs. More people working for higher wages means more tax revenue is collected even while the taxes are lower. Businesses which produce within our borders, expand, or start; also pay more taxes even though their tax rate is lower. Increased revenue means a narrowing of the deficit.
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Dec 22, 2017 18:58:00   #
If you want to assert what is in the tax bill, instead of using this or that news source; go to the source. I posted this before but you must not have read it. This is straight from Congress. The link is from the Ways and Means committee. And I follow with a summary from the Congress.gov site. You can point out which provisions will cause what you've asserted.

https://waysandmeansforms.house.gov/uploadedfiles/tax_cuts_and_jobs_act_section_by_section_hr1.pdf

*******************************************************************************************************************
Tax Cuts and Jobs Act

This bill amends the Internal Revenue Code to reduce tax rates and modify policies, credits, and deductions for individuals and businesses.

With respect to individuals, the bill:

replaces the seven existing tax brackets (10%, 15%, 25%, 28%, 33%, 35%, and 39.6%) with four brackets (12%, 25%, 35%, and 39.6%),
increases the standard deduction,
repeals the deduction for personal exemptions,
establishes a 25% maximum rate on the business income of individuals,
increases the child tax credit and establishes a new family tax credit,
repeals the overall limitation on certain itemized deductions,
limits the mortgage interest deduction for debt incurred after November 2, 2017, to mortgages of up to $500,000 (currently $1 million),
repeals the deduction for state and local income or sales taxes not paid or accrued in a trade or business,
repeals the deduction for medical expenses,
consolidates and repeals several education-related deductions and credits,
repeals the alternative minimum tax, and
repeals the estate and generation-skipping t***sfer taxes in six years.
For businesses, the bill:

reduces the corporate tax rate from a maximum of 35% to a flat 20% rate (25% for personal services corporations),
allows increased expensing of the costs of certain property,
limits the deductibility of net interest expenses to 30% of the business's adjusted taxable income,
repeals the work opportunity tax credit,
terminates the exclusion for interest on private activity bonds,
modifies or repeals various energy-related deductions and credits,
modifies the taxation of foreign income, and
imposes an excise tax on certain payments from domestic corporations to related foreign corporations.
The bill also repeals or modifies several additional credits and deductions for individuals and businesses.
*********************************************************************************************

Now show us in the bill or summary where all the horrors you mentioned are located.
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Dec 22, 2017 16:10:23   #
Thanks. It is of interest to me.
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Dec 22, 2017 03:31:12   #
Airforceone. Where do you get your figures from? Please back them up.

Here is what is in the Tax Cuts and Jobs bill H.R.1 — 115th Congress (2017-2018):
With respect to individuals, the bill:

*replaces the seven existing tax brackets (10%, 15%, 25%, 28%, 33%, 35%, and 39.6%) with four brackets (12%, 25%, 35%, and 39.6%),
*increases the standard deduction,
*repeals the deduction for personal exemptions,
*establishes a 25% maximum rate on the business income of individuals,
*increases the child tax credit and establishes a new family tax credit,
*repeals the overall limitation on certain itemized deductions,
*limits the mortgage interest deduction for debt incurred after November 2, 2017, to mortgages of up to $500,000 (currently $1 million),
*repeals the deduction for state and local income or sales taxes not paid or accrued in a trade or business,
*repeals the deduction for medical expenses,
*consolidates and repeals several education-related deductions and credits,
*repeals the alternative minimum tax, and
*repeals the estate and generation-skipping t***sfer taxes in six years.

For businesses, the bill:

*reduces the corporate tax rate from a maximum of 35% to a flat 20% rate (25% for personal services corporations), [This was changed at the last minute to 31%]
*allows increased expensing of the costs of certain property,
*limits the deductibility of net interest expenses to 30% of the business's adjusted taxable income,
*repeals the work opportunity tax credit,
*terminates the exclusion for interest on private activity bonds,
*modifies or repeals various energy-related deductions and credits,
*modifies the taxation of foreign income, and
*imposes an excise tax on certain payments from domestic corporations to related foreign corporations.

https://www.congress.gov/bill/115th-congress/house-bill/1
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