Tax Reform Is a GOP Fantasy

Charlie Cook: “So why are proponents so upbeat? My theory is that advocates see failure as unfathomable. On Wall Street and in corporate headquarters around the country, proponents have talked themselves (or their clients) into believing that tax reform is possible even though Congress has not passed a significant piece of legislation this year.”

“The truth is that reforming, streamlining, or simplifying the tax code is incredibly difficult under the best of circumstances, and circumstances today are worse than usual. Even passing a big tax cut, which sounds easy (who turns down free candy?), is problematic because it either drives up the deficit or shifts the tax burden to other payers.”

For members: Who Knew Tax Reform Could Be So Complicated?

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