Trump tax cut plan is a good start: Art Laffer

Former Reagan economic advisor Art Laffer reacts to President Trump’s tax cut plan.

[yupingsun]

I did a rough analysis for my situation, and found out under the new Trump tax that I will pay more tax due to the large amount local tax in the form of property tax we paid in Houston, Texas. My colleague told me he will also pay more tax under the Trump tax plan for the same reason. Both my colleague and I do not have large family to benefit from the increase of personal exemption increase. We are typical middle class small size family in Houston. So I conclude the middle get burned again for the benefit of 1%.