Want to lower tax rates for everyone without killing popular deductions or driving up the deficit? “Trade-offs are the essence of tax reform,” said Douglas Holtz-Eakin, repeating an axiom of the trade. Congressional Republicans have floated a number of ideas that would lower tax rates for corporations and individuals, eliminate most deductions and require companies to pay taxes on imports. He won 49 of 50 states in his reelection, which prominently featured tax reform. Spicer outlined three broad goals: tax simplification, lower rates and job growth.

Source: Los Angeles Times April 17, 2017 10:00 UTC