This bill is one big upward flooding of money from the poor and middle to the rich. This will end up destroying more of the middle class in order for the rich to take more.

The republican party is now working to transform this country into a third world one.

If they aren't incorporated into at least an LLC, they can't deduct ANY business expense. This includes actors and musicians who pay a large portion of their income to agents, managers, publicists, etc. Of course wealthy artists can afford to incorporate, but most artists are not wealthy. Setting up an LLC in CA, for example, costs several thousand dollars.

Of course, you could be a 1099 and still be an LLC, but the deductions allowed for a "corporation" are different than those for a unincorporated sole proprieter. A business can deduct hundreds of cases of copy paper but a school teacher cannot deduct the 10 cases that she might have to pay for out of her own pocket.

waiting to see how withdrawals from IRA's and 401's are going to be treated. There was to be new rules as to amounts allowed to be put into accounts and changes in mandatory withdrawals.

Noticed Hatch stuck the Corker bribe addendum in this Bill Saturday. And last night the Author admitted there is now a 600 billion additional debt added as a result,making it a 2 billion dollar hit to the National Debt.

Dyslexia hit again.

My skimpy knowledge is if it's not a Roth IRA, you have to withdraw money from your IRA at age 70.5. I wonder why.

idea of Senator Mel Roth who came up with the 401k and later the IRA to protect the Exc's at Dupont and Dow Chemical as well as Kodak from paying Federal Taxes. Believe a Actuarial table was used and it came from some Insurance company that marketed Annuities. Do remember IDS Services used a similiar Table in their Sales and Marketing Program. Investors-Diversified Services based in Mpls.