Too Good To Fix: Why The Tax Bill Was Not Necessary Right Now

By Janice Barlow THE REPUBLICANS are celebrating a Christmas present of one of the most sweeping tax cuts in the history of the country. The biggest benefactors are corporations, whose tax rates were cut from 35 percent down to 21 percent, a slash of 40%. Other specific areas have been dramatically changed, such as a child tax credit increase from $1,000 to 2,000 (and from $1,000 to $1,400 for those who pay absolutely no taxes at all). However, the individual exemptions for each person in a household are totally gone…

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