Tax Reform Used to Be a Bipartisan Endeavor. What Happened?

A lot has changed in the thirty one years since the last true tax reform bill was passed through Congress. Fueled by enormous advanced in technological innovation, almost everything, and everyone, is just a few finger taps away from being delivered to you in some form. These changes have pushed, and will continue to push,…
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November Jobs Report Crushes Expectations, Sets Stage for Strong Year-End Finish

The U.S. economy added 228,000 new jobs in November, substantially besting the 195,000 increase in jobs that economists predicted. The unemployment rate stayed at 4.1 percent, the lowest rate in seventeen years. Although this figure is unchanged, the labor force participation rate continues to increase, along with the size of the labor force generally, indicating…
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The Debate Over Tax Reform’s “Winners and Losers” Masks Its Real Value

Sometimes it’s not about picking your battles, it’s about picking your battlefields. Democrats exercised this principle to perfection in the debate over tax reform. What should have been a debate on the Republican-friendly territory of economic growth instead got turned by Democrats and complicit media into a zero-sum discussion about winners and losers. “Winners and…
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Senate Republicans Push Historic Tax Reform One Step Closer to Reality

Tax reform is hard. Not just hard, nearly impossible. The tax code has been slowly turned into a minefield of competing credits, deductions and loopholes, essentially guaranteeing that any attempt at reform will have unintended side effects on one or another group of taxpayers. For a while, it looked as though the Senate would not…
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Millennials Stand to Win Big From Republican Tax Reform Plans

Millennials recently overtook Baby Boomers as America’s largest living generation. They are the largest share of the American workforce. Their median wages, after adjusting for inflation, have at best been stagnant, and at worst fallen, since the Great Recession. And according to a recent Pew Research analysis, they represent the largest group of households living…
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The Individual Mandate is a Tax on the Working Class. Get Rid of It

“Here’s the concern. If you haven’t made it affordable, how are you going to enforce a mandate. If a mandate was a solution, we could try that to solve homelessness by mandating everybody buy a house. The reason they don’t have a house is that they don’t have the money.” – Barack Obama in 2008.…
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House Republicans Achieve Historic Tax Reform Victory

House Republicans achieved a historic legislative victory on Thursday, passing a sweeping tax-reform package that will create jobs, increase paychecks and make the tax code simpler. The pro-growth tax reform package sailed through the House by a vote of 227-205. No Democrats voted for the bill, while a mere 13 Republicans—all from states with high…
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Republicans Take Two Big Steps Toward Tax Reform

Republicans took two enormous steps toward passing fundamental tax reform this week, further paving the way for historic reductions in corporate and individual tax rates. In the House, the Tax Cuts and Jobs Act passed through the Ways and Means Committee after four days of debate and discussion. The markup brought some significant changes to…
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A Tax Reform Plan Purpose-Built for Economic Growth

House Republicans have unveiled their long-anticipated tax reform and reduction bill, and it was worth the wait. The bill is stuffed with commonsense changes designed to lower income tax rates by sweeping out economy-distorting deductions, credits and loopholes that has slowly eroded the tax code over the last decades. Overall, the 429-page bill, dubbed the…
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Republicans Take Important First Step Toward Tax Reform

Republicans’ push for fundamental tax reform moved one step closer to reality last week with the Senate’s passage of the budget resolution. By passing the budget measure, Republicans have created a vehicle that enables them to use a procedure called “reconciliation” to pass tax reform. The budget resolution provided reconciliation instructions to the Senate Finance…
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