Thread by @ASlavitt

As everyone looks through new tax bill, will share some gems along the way.

On the Hill today so picking up a few things if interested.1/

Here's a gem. Bill allows you to buy a 529 (college savings) plan.

For your UNBORN child.

Yep, the tax code will define our species.2/

OB/Gyns, will not only be asked to lecture women about their bodies, but be able to expand their practice 2 be a tax auditor.

No thanks. 3/

One might pffer the suggestion they that they might want to first deal with actual human kids and pass CHIP.

Proposed bill eliminates medical expense deduction. People who need this deduction are those w significant ongoing or unplanned illnesses.5/

Bill is consistent w ACA repeal approach of isolating sicker so as to not burden the rest (in this case 2 pay 4 a bigger standard deduct.)6/

(Sorry for delays if you are following live. As I continue to have convos, I will use this thread to update. In the middle of those,..)

Another problem with the tax bill out of the gate that Americans hate is same one as ACA repeal. No hearings, no bipart. All backroom. 7/

Unfortunately for the majority, ordinary Americans aren't the only ones . . . 👇8/

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The tax plan is unlikely to have fans among millennials. 9/

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Bill is not popular w small biz, providing more benefits to bigger corporations & those with big estates/assets.10/

thehill.com/policy/finance…

Good tip 4 future:

If you're going 2 market your bill as good for economy, don't have real estate, h care & small biz against it Day 1.
/11

Not to mention: farmers, schools, cities, labor, energy providers, religious groups, non-profits.... 12/

blogs.wsj.com/washwire/2017/…

...On other hand bill is great for those who already have or are inheriting substantial assets.

All of this is before Care/caid cuts.13/

Tax bill has clauses harmful 4 ppl w disabilities & ppl receiving alimony. Hiring ppl w disabilities & alimony both no longer deductible.14/

This is horrible.👇15/