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Republican tax reformers say they want to minimize corporate statutory rates, but a new think tank report illustrates that many economists of diverse viewpoints see more promise in a different tax base for maintaining revenue and improving economic growth.
Tax reform is hard work, despite what President Trump said during the House’s attempt to repeal Obamacare. It requires filling in a lot of details and anticipating opposition from business and interest groups that don’t like the idea of winners and losers. Despite talking about tax reform as a centerpiece of their agenda since 2010, the GOP really hasn’t done much of the work to build support within their caucus and the public at large for a real plan.