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Podcast: Cato Event Podcast
Episode: Major Tax Reform in 2017?
Description: The Trump administration and Republicans in Congress are pushing ahead with major tax reforms. There is broad agreement on the need to simplify the tax code and to cut tax rates to improve America’s competitiveness. The administration’s tax plan would slash the top business tax rate to 15 percent, while simplifying and reducing individual income tax brackets. The House reform blueprint would cut individual and corporate tax rates and allow for expensing of capital investment. The blueprint also suggests creating Universal Savings Accounts. However, there is still disagreement among experts and political leaders over changes to the business tax...