Next week, Trump administration officials and leading Republicans in Congress are expected to unveil a new framework on tax reform. At the same time, Republicans are coming to the end of a last-ditch, likely doomed, effort to repeal and replace the Affordable Care Act. Facts still matter and the same will happen if Republicans insist on masking similar tax cuts as tax reform. True reform will require a bipartisan consensus around closing loopholes to pay for the lowering of statutory tax rates paid by businesses, and reducing burdens on working families. Cutting tax rates for the very wealthy would deepen the income inequality that underlies the anxiety and anger among American voters.

Source: New York Times September 22, 2017 19:05 UTC