If this proposal becomes law and more people go the standard-deduction route, it could simplify tax-return preparation for millions. A postcard-size tax return might have as few as 13 or 14 lines, according to the Institute for Policy Innovation, which supplied an illustration.
Two weeks after efforts in the Senate to repeal Obamacare were thwarted by a few Republican senators, there is talk of another attempt at taking aim at what is officially called the Affordable Care Act.
A tax compromise that Trump could claim credit for isn’t hard to imagine. Business would be pleased. “A quarter of a loaf is better than none,” says Tom Giovanetti, president of the center-right Institute for Policy Innovation in Irving, Texas.
"FATCA violates our most-cherished principles of due process, presumption of innocence, personal privacy, and national sovereignty. It does not accomplish its stated objectives but does inflict untold collateral harm at great cost," the letter said.
Giovanetti cautioned that putting more money in people’s pockets so they can spend it is not the purpose of tax reform. “No, cash isn’t enough,” he said. “It has to be invested productively in order to grow the economy. When businesses expand, they hire new workers and create new wealth. And that’s what we want.”
"By moving their small cars to Mexico, which has skilled but cheaper labor, Ford hopes to break even or make a little profit off of them” said Merrill Matthews.
"No one has any idea what the Trump campaign's positions are on communications policy," Giovanetti told us. "There's no evidence at this point that there is anything approaching a policy process on the Trump campaign -- which is part of why I thought the platform was more important in this peculiar year."
"We salute the Congressional Republicans who have legislatively impeded [Obama's] plans to turn over the Information Freedom Highway to regulators and tyrants," the platform said. It included language similar to what IPI recommended last week: "We will consistently support internet policies that allow people and private enterprise to thrive, without providing new and expanded government powers to tax and regulate so that the internet does not become the vehicle for a dramatic expansion of government power."
Institute for Policy Innovation President Tom Giovanetti tweeted that the 2016 draft GOP platform's language on "protecting Internet from taxation and regulation is INADEQUATE" and proposed language that IPI would prefer.