The 2018 tax reform is a very controversial subject in this country that came along with the new presidency. Many tax payers question who the real winners and losers are in this bill. Along with questioning, they are struggling to understand how good these changes really are and how fair they will actually be. According to most of the articles given, the winners of this tax reform are the large corporations with the ability to stash revenue over seas. In the Motley Fool, it points out how businesses can make an investment to expand their business in the next year and be able to deduct 100% of the cost as capital investment. In the Atlantic publication, it mentioned that in the past, multinational companies were able to use tax havens to their advantage. The tax bills original intentions were to eliminate this loop hole to encourage American Companies to manufacture and sell …show more content…
Along with individual tax payers, smaller companies are also restrained since they do not have the capability to evolve into multinational businesses holding the ability to escape tax requirements. Besides the fact that anyone with a business education knows trickle-down economics has never worked in our nation’s history, tax payers were given false hope. Americans were also under the impression that this new tax bill was going to help bring new jobs to their disposal. They were told there were going to be disadvantages for large plants to produce revenue in foreign countries making it more beneficial to directly help their own countries economy from within the states. This temporary idea gave people hope until they were exposed to blogs like the Patheos that unleashed all the false promises just discussed. From one of the tax presentations in class earlier this semester, I learned these new tax brackets for the individual filers are only temporary. As for the corporations, their tax cuts are