Policy-wise, there is nothing wrong with the House GOP proposal without a border adjustment — in fact, Estonia has a corporate tax that looks very similar to the House plan without border adjustment.
Without the border adjustment, lawmakers may need to pursue alternative tax reforms.
They believe that the border adjustment would greatly increase their costs and require them to pass them on to consumers.
Unfortunately, critics of the border adjustment have not yet offered any comprehensive alternative for corporate-tax reform.
So, in a world without the border adjustment and the DBCFT, what could pro-growth corporate-tax reform look like?
as declared in
Waiting on Tax Reform
However, that did not stop Trump from promoting his tax plan June 1 in a statement on the Paris climate agreement.
Curiously, the budget request did not include the administration’s taxreform proposal, which would reduce the number of federal income tax brackets to three from seven.
The tax-reform proposal, which was similar to what Trump promoted during the 2016 election campaign, calls for individual federal tax brackets of 10, 25 and 35 percent.
President Donald Trump released his fiscal 2018 federal budget proposal May 23.
Included in the budget plan was a nationwide paid-leave family program of six weeks for new parents after the birth or adoption of a child.
as declared in
Tax Reform Will Happen This Year said Sen. Lee
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collected by :John Locas