Overview of GOP Tax Bill

The New York Times is out this morning with a good overview of what is in the GOP's final tax bill up for vote likely next Tuesday, here and here. The bill can be summarized as follows, in descending order of priority: Multi-national corporate tax cut & reform: The US corporate tax rate falls from … Continue reading Overview of GOP Tax Bill

The Political Brilliance of the GOP Tax Plan

It is impossible to overstate the political brilliance of the GOP tax plan. By simply repealing the SALT deduction, the Democrat-crafted tax bill (i.e. by NY Democrats Trump, Cohn and Mnunchin) boxes in the Democrat Party. After years, and years, and years of progressive high tax & spend rule in NY, NJ, and CA, we … Continue reading The Political Brilliance of the GOP Tax Plan

Marco Rubio’s Child Tax Credit Proposal

In an op-ed Monday, Marco Rubio makes the case that the cost of child bearing has gone a long way toward reducing the birthrate in the US, and that the US tax code should prioritize helping families pay for that cost over funding special interests. How unbelievably strange. Especially for a Republican. As I have … Continue reading Marco Rubio’s Child Tax Credit Proposal

The WSJ Poops Its Tax Reform Pants

The House tax plan is stellar: It goes a long way toward making the US far more competitive as a global destination for corporate investment capital; it dramatically lowers the pass-thru business rate for higher income private SMIDs, key drivers of US employment; and it simplifies the tax code while retaining its progressiveness. (I will … Continue reading The WSJ Poops Its Tax Reform Pants

China Validates Trump Tax Reform

According to an article in yesterday's WSJ, China is worried that US tax reform could "...trigger a 'tax war' if countries start competing to offer the lowest rates." The article goes on to say: "Chinese auto glassmaker Fuyao Glass Industry Group recently crystallized the concerns of some businesses and officials. In an interview late last … Continue reading China Validates Trump Tax Reform

Steven Rattner Lies About Tax Reform

In an NYT Op-Ed on Tuesday, Steven Rattner picked up the baton in the political Left's campaign of lies with regard to tax reform. It's a beauty. "...$5.5 billion of tax giveaways, most for business." Tough to know where to begin with this statement. Using NYT's own analysis, the gross tax "giveaway" totals $6 billion, 62% of … Continue reading Steven Rattner Lies About Tax Reform