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NEWS and BLOG

Why Are Republicans Making Tax Reform So Hard?

From the NY Times:

In the aftermath of the health care blowup, President Trump and the Republicans need a legislative victory. Tax reform probably should have gone first, but now is the time to move it forward with urgency.

Unfortunately, the White House seems all over the map on the subject. One day there is a trial balloon for a value-added tax. The next, the idea of a carbon tax or a reciprocal tax. And now we are hearing the curve ball of a payroll tax cut. Steve Mnuchin, the Treasury secretary, has thrown cold water on the idea of any tax bill meeting the August deadline.

One sure lesson from the health care setback is the old admonition “Keep it simple, stupid.” The Republicans tried to fix the trillion-dollar health insurance market instead of keeping the focus on repealing Obamacare.

They have a chance to make amends with a new tax bill and still hit the August deadline. We advised President Trump during his election campaign and we believe the Republican Party’s lesson for tax reform is this: Don’t try to rewrite the entire tax code in one bill.

read more…

Founders 

Larry Kudlow

Steve Moore 

Dr. Arthur B. Laffer

Steve Forbes

Executive Director

Jon Decker

 ————————————

__

Lawrence Kudlow

CNBC Senior Contributor, Host of The Larry Kudlow Show

@larry_kudlow

________

 

Moore

Stephen Moore

Club 4 Growth Founder, Heritage Economist, Wall Street Journal Writer

@StephenMoore

________

 

Laffer

Dr. Arthur B.  Laffer

Founder and Chairman of Laffer Associates

@LafferCenter

__________

forbes

Steve Forbes

Editor In Chief of Forbes Media

@SteveForbesCEO

__________

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______________________________________________________

Founders 

Larry Kudlow

Steve Moore 

Dr. Arthur B. Laffer

Steve Forbes

Executive Director

Jon Decker

 ————————————

__

Lawrence Kudlow

CNBC Senior Contributor, Host of The Larry Kudlow Show

@larry_kudlow

________

Moore

Stephen Moore

Club 4 Growth Founder, Heritage Economist, Wall Street Journal Writer

@StephenMoore

________

Laffer

Dr. Arthur B.  Laffer

Founder and Chairman of Laffer Associates

@LafferCenter

__________

forbes

Steve Forbes

Editor In Chief of Forbes Media

@SteveForbesCEO

__________

NEWS and BLOG

Why Are Republicans Making Tax Reform So Hard?

From the NY Times:

In the aftermath of the health care blowup, President Trump and the Republicans need a legislative victory. Tax reform probably should have gone first, but now is the time to move it forward with urgency.

Unfortunately, the White House seems all over the map on the subject. One day there is a trial balloon for a value-added tax. The next, the idea of a carbon tax or a reciprocal tax. And now we are hearing the curve ball of a payroll tax cut. Steve Mnuchin, the Treasury secretary, has thrown cold water on the idea of any tax bill meeting the August deadline.

One sure lesson from the health care setback is the old admonition “Keep it simple, stupid.” The Republicans tried to fix the trillion-dollar health insurance market instead of keeping the focus on repealing Obamacare.

They have a chance to make amends with a new tax bill and still hit the August deadline. We advised President Trump during his election campaign and we believe the Republican Party’s lesson for tax reform is this: Don’t try to rewrite the entire tax code in one bill.

read more…

Subscribe to receive our updates-

Register for FREE to receive updates