Excerpt from the Washington Post:
The top advocates for the targeted tax cut have been Larry Kudlow and Steve Moore, who were both top economic advisers during Trump’s campaign and remain in frequent contact with officials in the West Wing.
Kudlow met with top NEC staffers two weeks ago and also had a private meeting with Trump, in which he urged them to consider pursuing tax cuts this year if they are unable to marshal agreement on a broader change to the tax code.
“I’ve been down there several times,” said Kudlow, who lives in New York. “I feel like I’m a bullpen closer.”
Kudlow and Moore have been pitching a plan they call “Three Easy Pieces,” which would — for 10 years — cut the corporate tax rate from 35 percent to 15 percent, double the standardized deduction that millions of Americans claim in their taxes, and allow companies to bring money back from overseas without a significant tax penalty.
Moore said in an interview that these changes would likely cost between $2 trillion and $3 trillion over 10 years, but he said it would give a jolt to economic growth and allow White House and congressional Republicans to take more time to look at a broader revamp of the tax code.
Read more in the Washington Post.