GOP Tax Plan Designed to Loot 99%, Reward Billionaire Donors; Doubling Standard Deduction More Than Cancelled Out by Ending All Personal Exemptions

Families With More Than Three Dependents Hurt; Much-Touted Child Tax Credit Increase Not Refundable, Helps Rich Families; No More Tax Credit for Elderly and Disabled; Alimony Deduction Gone; Top Bracket Kicks in at Higher Income, Reducing Tax Bite on Wealthy; Pass-Through Income to Fat Cats Favored; Ending Estate Tax and Alternative Minimum Tax a $1.5 [...]