Writing today in The Hill, CRS founder and president Jonathan Bydlak discusses ongoing tax reform efforts in light of the Thursday release of the GOP tax plan.
On Thursday, Americans got their first look at the president’s long-anticipated tax plan with the release of the “Tax Cuts and Jobs Act.”
Not surprisingly, most Democrats have pledged to oppose the plan, finding fault with everything from the reduction in corporate rates to the idea that changes to the mortgage interest deduction mightdisproportionately impact large urban areas.
Much of the debate in the coming weeks is likely to take the form of partisan posturing, but at its core lie fundamentally different views on what tax policy should aim to accomplish.
One area where there isn’t a fundamental difference of opinion is over whether we should care about how the plan will impact deficits and debt.
Read the full piece here.