Dear Trump-Pets. As a self-employed consultant, I support a 15% marginal tax on pass-throughs. Is it going to happen? No. Paul Ryan and Company won’t allow it and Nancy Pelosi and her minions will message negatively on the idea, calling it a gift to hedge fund managers who already benefit from carried interest.
Meanwhile, small business owners will continue to carry a large tax burden on top of the everyday hustle to find the next client.
As for the everyday wage earner, expect very little in relief. The GOP will have to reconcile their version of big government with the realities that a tax cut will mean less to spend on missiles and corporate subsidies. Someone will have to carry that tax burden, and quite a few of those are Trump-Pets…..