Could This Crazy-Sounding Tax Reform Proposal Actually Work?
Tax reform has been a major component of the Trump administration's domestic policy agenda, and after numerous distractions, the White House and lawmakers on Capitol Hill are starting to talk more seriously about the Trump tax plan and potential ways to achieve the goal of bolstering economic growth. Yet one fundamental obstacle to tax reform remains the difference in priorities between the two major political parties.
With that in mind, those who demand action from the government are looking for constructive ways to combine policy agendas from Republicans and Democrats. One particularly revolutionary plan combines a wide variety of elements from tax policy leaders and lawmakers from both parties into a single proposal. Even though it includes several controversial components, analysis from the Tax Foundation suggests that the plan might stand a better chance than other proposals of cutting the tax burden on middle-income earners while also reducing corporate tax rates and keeping overall revenue levels close to unchanged.
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Source: Fool.com
