Whether to eliminate the deduction for state and local taxes on individual federal income taxes. (Up to $10,000 in property taxes would still be deductible)
Whether to allow businesses to deduct the full amount of their investments (other than buildings) for the next five years, in the year they make the investment. This will result in a tax reduction for those businesses during this period.
Whether to eliminate the estate tax in six years, and in the meantime, double the amount that can be transferred tax free for estates willed by individuals from $5.49 million to $10.98 million, and for estates willed by couples from $10.98 million to $21.96 million.
