No matter which party is in power, I’m always nervous when they start meddling with the tax code. Everybody agrees that we need tax reform; it’s just that we can seldom get two people to agree on just how that reform should look. If you ask three members of Congress, you’ll get at least five answers.
The “tax cut” bill currently before the Senate dramatically favors large corporations over the middle class and small business. As Gary Cohn, President Trump’s Chief Economic Advisor, said, “When you talk to all the CEOs — they’re the most excited about this.”