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b_b  ·  2558 days ago  ·  link  ·    ·  parent  ·  post: Republicans Push Trump Tax Bill Through Senate

The thing about this bill is that it's not going to last 10 years. Democrats will repeal it as soon as it's their turn. Hopefully they horror of it will be obvious enough that they can sell it as "reform" and get a few Republicans to sign on. If not it will be a see-saw for years. This bill brings with it such enormous uncertainty that if I were a financial planner, I'd warn my clients against doing too much long term planning with assumptions that this bill is going to around forever. If nothing else, Democrats are going to put back SALT and either reinstate the inheritance tax or at least cancel the step up basis loophole. I've never wanted to see the Democrats follow Mitch McConnell's lead on pure obstruction, but what choice do they have? Good luck to McConnell getting any Democrat votes on their next economic terrorism (government shutdown) bill. The president is melting down, the GOP may lose a seat in Alabama, and the tax bill's approval rating is like 20%. There's no reason to play nice right now.