Two thoughts on this tax reform…

First, I fear that it is designed to transfer success from small businesses to big businesses. Unless I am misunderstanding something, I don’t see how a small business can survive startup year(s) if it isn’t able to deduct its business expenses… those represent its investment in the future. Couple this with the end of net neutrality, and it’s pretty clear who our government cares about.

Second, I hope that Congress/Senate resolve away the provision in the Congress version that makes grad students count tuition waiver as income. That would cause a huge increase in student loan debt, as well as drive a number of students out of grad school and do further damage to scientific research. A student living on $1000/month having to claim 40-60K a year income? How is that fair?