Here's the One Thing the Final Tax Bill Fails At
It was the moment many of us had anxiously been waiting for. Late Friday, Republican leaders produced their final version of the tax reform bill -- an amalgamation of the previous House and Senate proposals. And while there are several key aspects worth celebrating, like the lowering of tax rates across almost all brackets and the child tax credit boost that will no doubt help countless households with dependents, the final bill certainly isn't flawless.
To understand the extent to which the bill falls short, we must remember that the push for tax reform stemmed not just from the need to alleviate the burden on the neediest taxpayers, but also from the need to limit the complexities that made the current code difficult for the typical American to understand. In fact, President Trump stated repeatedly that one primary goal of tax reform was to simplify the existing laws by paring down the number of individual tax brackets and eliminating other aspects of the code that most could only describe as confusing.
Yet the final version of the tax bill fails to accomplish that goal.
Source: Fool.com
