I have talked with many of the actors in the tax reform process—both in Congress and in think tanks. Tax reform ideas usually fail because the status quo gives everybody some kind of perceived benefit. President Trump announced on Feb. 9th that his economic team is drawing up its own “phenomenal” business tax reform proposal. Source: Tax FoundationUnder static conditions, the plan would reduce tax revenue by some $2.4 trillion over 10 years. Our Whole Economy Depends on ImportsMost Americans may not realize how different our tax system is from those of every other country in the world.

Source: Forbes February 24, 2017 00:30 UTC