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Originally Posted by PeterG
Sorry for misquoting you.
Starting again from your post--I've spent over 20 years in venture capital, both as an investor and an entrepreneur putting in every spare penny of cash flow. From an venture investor perspective, this tax bill is friendly in that in maintains the carried interest loophole that so many in both parties dislike as unfair, and it opens up a new pass-through entity tax break. Yea! We'll be even richer!
But for an entrepreneur at a venture-backed company, there is very little here to like. They could have benefitted from accelerated depreciation on capital expenditures, or a tax credit for new job creation, just for example. And as someone who's been on both sides on the investor-entrepreneur table, it makes me laugh to think that tax breaks for the VCs will make entrepreneurs lives easier.
Garcia has it right on the destination for the tax savings.
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I won't begin to say that bill is perfect, a lot more could have been done and certainly some things differently - you do make some good points too in highlighting it's shortcomings, however as a whole I believe it will be beneficial. Time will tell what's done is done.
We could probably argue the merits of various aspects of this till we crash the web master's server for chewing up to much space! However I think this illustrates one thing, and I nod my head to you and others who have made your points eloquently and in a reasonable manner, opinions vary! It's nice to have a rational discussion about them from varying points of view in a civilized manner. To bad the fruitcakes in DC can't do the same, and that I think it something we all can agree on!!!