Tax reform has always been a scam. Little has changed since November 1985.
Tax reform is about moving pieces around on the chess board. All in all it will probably be neutral. Tax increases for some and tax decreases for others. This is why they don’t call it a “Tax Cut”. A true tax cut bill would be one sentence:
“All taxes shall be decreased by X%.”
Pick a number.
A bill like this would be bad for business. No special privileges hidden in a 1000 page document. No lobbyist fighting their hardest to sneak lawyer language to benefit their cronies. Everyone would understand it.
Interestingly, all sides go into a frenzy over the passage of this bill. I have lost no sleep over it.
The stakes are very low. The rhetoric is very high. The entertainment level is mediocre.