My friend and colleague, Florida Sen. Marco Rubio, argued in a recent interview that a different approach to tax reform, including a smaller corporate rate cut, would have more directly benefited workers. Cutting the U.S. corporate tax rate from the highest in the developed world to a competitive 21% wasn’t a luxury. The bureau specifically credited tax reform for higher wages as well as lower taxes. The Tax Cuts and Jobs Act wasn’t perfect, and Congress should continue to improve the tax code by adding more individual tax relief and making the current cuts permanent. But no matter how you slice it, working families are benefiting from tax reform.

Source: Wall Street Journal May 06, 2018 19:18 UTC