Thanks for asking.
First, you say that patent filing and innovation are unrelated. I think most people would disagree. Perhaps you and I differ on the definition of innovation. You say, “you don’t need to patent.” Protection of intellectual property has been recognized nearly globally for hundreds of years. It costs a great deal more to develop then replicate. Compare, for example, the cost to create a new video game to the cost to duplicate same. If there is no compensation for creators, then innovation would slow to a tiny trickle. Some people are OK with that, but that is not the current system.
The “micro-entity” applies to the first four patents per inventor. Most inventors are prolific, so that isn’t worth much either way. It’s a nice token, however. I doubt there are any effective “single patent” patent trolls. It’s just not economical.
By the way, there is already a new “expedite” option, where for $4000 an applicant is promised a fast track. Since there are no more people in the USPTO (they have had a hiring freeze ordered by congress for a year) this means the “regular” filers will be processed even slower. Big companies don’t care about the $4000 and just pay it. Independent inventors are screwed in a bunch of ways, and this is one of them. Most innovation comes from independents and tiny companies. Cisco, for example, has bought over 150 other companies--that is how they buy other people's innovations and patent portfolios.
I don’t agree with your analysis of a reduction in taxes. If 50% of the country were unemployed, you would say that was a tax reduction. Tax rates are per payer, not per total revenue received.
The fake logbook thing doesn’t happen, in practice. During interference, which will end under the new bill, the Office requires third party proof. Also, the current system is not really “first to invent,” because in order to get that benefit, the “first inventor” is required to “continuously” have worked on the invention. That is generally true for a large company doing product development, but rarely true for independent inventors. In most cases (68%) of interference the “first to reduce to practice” (i.e. build a working product) wins the interference.
Competent polls of patent professionals (I am a patent agent) show a wide split on beliefs as to the “value” of the new bill. Most people agree it will make a negligible difference. It certainly won’t create jobs and won’t reduce litigation. There is some chance it might make the patent office a touch more efficient (or maybe the opposite). It will hopefully reduce the number of bad patents – and everyone agrees that there were too many of those in the past.