Republicans took their first step last week toward reforming the tax code when the House passed its tax reform bill. Now it is up to the Senate GOP to pass its own version. Assuming the Senate can do so, the two tax reform bills will move to conference committee and (hopefully for the GOP) be reconciled into a final bill.
While both the House and Senate tax reform bills are steps in the right direction, the truth is that they suck. Both bills fail to enact the kind of simplicity, permanence, and economic growth we need from a tax reform.Read More