I think that it will increase the tax burden on the poor while giving more tax relief to the rich who really don't need tax relief.

The main problem with the tax system is simple.
90% of America's wealth is controlled by 3% of the nation but they only pay 40% of the taxes.

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Walt Whitman
"I say that democracy can never prove itself beyond cavil, until it founds and luxuriantly grows its own forms of art, poems, schools, theology, displacing all that exists, or that has been produced anywhere in the past, under opposite influences."