sethnintendo said:
I agree with you if there are tax cuts then loopholes should be removed. Problem is that few politicians want to get rid of the loopholes because they are controlled by special interest groups aka lobbyist. They mainly just talk about lowering taxes and no mention of getting rid of loopholes. I'm all for lower taxes if you cut exemptions out for personal (even ones that I benefit from like getting some money back from student loan interest, and house) and businesses. |
Trump has been quite explicit about it, talking about ending "Carried Interest Tax Loophole". So it would give smaller companies the kind of low taxes global companies enjoy through loopholes. But at the end of the day, it depends if one can believe him on it or not. Obama also talked about it and just did nothing, so that's would not be new to be all talk, and no action. Based on campain funding alone, he is the one that has any chance to do it.
