I don't like removing the state tax deduction from federal tax. With federal income tax not being marginal anymore it is the real percentage deal, and then you have to throw state tax on top of that? Yikes thats a big tax increase.
I LOVE the lowered corporate flat tax for entities. For some reason he throws in pass through entities like single member LLCs, which suggests that all the personal income tax brackets are a complete red herring since anyone can just form an LLC and get taxed at 20% instead. How is that not the main discussion?
It could all be balanced by the trillions in repatriation. Even though the US government could not count on getting trickled down tax revenues from all that money back in the economy, they could count on a lot of being parked right back in US treasuries, which is basically the same money in a different account.