Summary
House Republicans are considering a package of tax and spending cuts to fund Trump’s promised tax cuts.
The proposals target benefits for low-income Americans by cutting Medicaid funding and eliminating tax breaks for single parents.
Additional measures include reducing corporate tax rates, eliminating the federal estate tax, and scrapping the mortgage interest deduction.
Critics argue these changes would burden working families and worsen inequality, while proponents claim they will generate revenue.
As the purges commence, I’m wondering if there will even be a functioning IRS come April. When I send in my return will there be anyone at the IRS to process it?
Depends on what tax bracket you are in and maybe who you voted for. The new IRS will be even more charged up to go after certain classes and political foes. They’ll be even more lenient on the uberrich, though.
I doubt someone like fElon or Bezos or Cuckerberg will even have to file taxes. Who the hell is going to punish them if they don’t?