With the Tea Party Patriots and Americans For Prosperity coming out against the proposed tax reform package, the bill has been forced into another re-write which is occurring as I type. Revision is expected to be released today. No word yet from my capitol gnomes if the concerns of social conservatives, namely the elimination of charitable deductions, will be accommodated. And if they are, will there be enough revenue to remain “revenue neutral” or if there’s enough “reform” to make the bill worthwhile.
Buckle up and stay tuned.