re: GOP tax document reveals plan for massive tax cuts, preserves key deductions

This is a very good plan.

One key component that will kickstart investment in the USA is the expensing of capital spending. THIS WILL BE HUGE. The bill will allow it for five years. They should just allow it forever. It doesn't really reduce over all taxes it just matches the taxes with the cash flow. A business spending a million dollars on a machine can immediately expense that machine for tax purposes when it pays the money instead of expensing it over 5 or 7 years as we do now.

I think it is stupid to continue the mortgage interest deduction---lower the rates even more and eliminate this deduction. Our population is getting older and lots of people have less mortgage interest to deduct and would be better with a lower rate. I should not have to pay more taxes because my house is paid for.