As the Republican-backed tax overhaul makes its way through Congress (“GOP pushes tax bill toward House OK, Senate faces problems,” Nov. 16), there is much speculation on its impact on various groups. We know there will be a significant reduction in the corporate tax rate, which is sure to please the business community. But who will benefit from other proposed changes such as elimination of the alternative minimum tax (AMT), phasing out of the estate tax, reduction in the top personal tax bracket and, especially for the commercial real estate industry, lower taxes on their profits, avoidance of a 30 percent limit on deductions for interest expense and shortening of the depreciation period for commercial property from 39 to 25 years?
Presumably most, if not all of theses changes, if enacted, will create a tax bonanza for President Donald Trump, but, without seeing his tax returns, we'll never know. What a sad story for middle class Americans many of whom are projected to see a tax increase!
Beryl Rosenstein, Pikesville
