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>Have they reported on Apple's announcement today yet: $350B (yes, 350 billion) repatriation/investment in the US with 20,000 new jobs? CNN has not reported on this at the time of posting- maybe because it's directly attributable to company tax being reduced to only slightly higher than the EU average when it used to be 250%. Bill, take note!

Noted.

The good news is that we'll get the 20K jobs, elect a dem congress, leave the low corporate rates, get rid of the tax breaks for the billionaires and reinstate the deduction for state and local taxes.

I'm still not sure what the bill will mean for the average person here in Hamilton. I can see where raising the standard deduction can possibly neutralize the eliminate of the state tax deduction but we'll have to see how it plays out.

There also might be unintended consequences.
Recall that the S&L crisis of the early 1990 was precipitated by the revenue act the eliminated certain deductions and caused that crisis by destroying an industry built on them.