The Congress Finally Decide: Small Business Tax Reform Has Been Passed

Today were announced principles for comprehensive tax reform by the Trump administration. While such broad-based reform that addresses the corporate and individual tax burden is necessary, it is unclear how such a plan would overcome the same hurdles that felled healthcare reform. These hurdles include being moderate enough to pass the Senate, and being conservative enough to get support from the so-called Freedom Caucus in the House. In other words, while comprehensive tax reform might be ideal policy, it has little chance of passing politically. In this environment where the administration and…

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