[chc]

How does the standard deduction going up benefit the rich or harm the non-rich? Aren't lower- and middle-class people most likely to take the standard deduction, and thus be able to deduct more?

[dragontamer]

They're cutting a lot of deductions.

EDIT: Seems like my information is out of date. I'll just edit my misinformation out (ie: most of the previous post)

[Anon1096]

401k deductions and plans aren't being touched.

[dragontamer]

Yeah, my info was out of date. I edited my post to something way more conservative.