Couple caveats:

One: I don’t think a tax bill that looks like the Admin’s Framework can get done.

Two: The Framework is missing income thresholds for new proposed rates and for the child tax credit, so some serious unknowns remain.

With those things out of the way:

Are you a married couple who do not itemize (if you don’t itemize, you’re probably not a homeowner)? Good news. The framework “doubles” the standard deduction from $12,800 … Read the rest

So one day Bob was walking the Earth. He came to the edge of this glorious valley and really wanted to go inside, but before he could enter, a glowing light formed and this Reified Philosophy/alien being/God appeared before him.

“Whoa!” said Bob.

“Right?” said Reified Philosophy.

Bob put aside his wonder. “Hey, so, I’d really like to walk down into that valley.”

“Of course you would,” said Reified Philosophy. “That valley is the best! … Read the rest