Tax Reform — An Idea Whose Time Has Come

With the Obamacare fight all but over, all eyes have turned to tax reform. This week, President Trump unveiled the “Unified Framework for Fixing Our Broken Tax Code.” That’s good news for taxpayers, consumers, and businesses. The current tax code is burdensome and inefficient and thwarts efforts to revitalize the economy. The new plan for reform includes an overhaul that makes the tax code simpler, fairer, and flatter. The plan touts benefits to the middle class, small business, and the economy as a whole. This is a fundamental upgrade from the current tax code, which is collapsing under the weight of all the loopholes and carve-outs that have been piled on over the years. The proposed tax plan is an attempt to clear out the underbrush and create a new tax code based on economic common sense rather than political expediency.