Modern Middle-Class Miracle

 

Modern Middle-Class Miracle

I’ve read the Trump tax code and I am impressed
At first read it is something more than I expected
Its far from complete, many things not addressed
But I’d say this first attempt’s to be respected

One goal is to simplify tax preparation
As is they are well on their way, much to tell
Achieved by eliminating itemized deductions
Except for home mortgages, charity as well

One thing I’m not happy with, estate-tax removal
‘Twas created to ensure against dynastic wealth
Trump railed about hardships on farms sans approvals
From East to West eighty farms might it be felt

Most corporate taxes are small-business pass-throughs
Trump’s code taxes pass-throughs at 25 percent
He’s also gotten rid of those minimum taxes
That seems to me reasonable, their usefulness spent

It’s really too early to judge the full impact
Of all these proposals o’er much longer spans
The code as it stands’s missing too many facts
As well, special-interests will get what they can

10/1/17

Author: Sabba Rabba

Unapologetic Octogenarian Democrat Respond to Poelitic@Poelitics.net

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