If the GOP really wants to write a "working class tax cut," this is what it looks like
Step 1: Define "working class." Let's throw out a number and say "working class" is everyone making $100,000 or less in gross income. You guys are going to argue that working class might be...oh, $35,000 or $40,000. I chose that number because it's nice and round, and round is good.
Step 2: Everyone in the Working Class can use both the Standard Deduction and Schedule A deductions.
Step 3: Everyone whose gross income is less than $50,000 can deduct all their medical expenses. The current rule requires you to spend 10 percent of your income on medical expenses and only allows you to deduct the ones past that. My plan allows you to deduct your medical expenses even if all you spent was $2.99 for a box of band-aids.
Step 3a: In states that have medicinal marijuana, anyone with a weed card can deduct the cost of a "reasonably medically necessary" quantity of marijuana. Unless you have a prescription stating a greater amount of cannabis is reasonably medically necessary, one ounce of leaf cannabis or 60 prerolled joints will be the statutorily deductible allowance. (Yes, this will require rescheduling weed to Federal Schedule V, aka "the cough syrup schedule."
Step 3b: A one-time medical necessity moving credit will be granted to anyone living in a no-MMJ state who has a condition cannabis is useful medicine for to move from their current, backwards state to the closest state that allows medicinal marijuana.
Step 4: For purposes of this tax cut, the value of granted, but not yet exercised, stock options will be added into your gross income. Adjusting your income so you earn less than $50,000 in cash and the rest of the $25 million in options will not allow you to take all the working class deductions.
Step 5: If you make more than $100,001, your taxes stay the same as they were before.
Step 6: No other cuts, hacks, or other adjustments to the tax code are needed.