Congress is already thinking about how to restore the notion of taxation only with representation—i.e., restore a physical-presence standard, by simplifying business activity taxes (BAT).
Who pays the Trump tariffs? Americans, that’s who—as importers of tariffed products, businesses that buy those imported items, and, ultimately, consumers.
Aggressive use of the Impoundment Control Act could restore some sanity to federal spending and create consensus toward revision of the filibuster rule.
If Democratic leadership thinks the way to respond to the Republican tax cut is to argue for tax increases, they may be throwing Republicans just the lifeline they need for the midterm elections.
Nancy Pelosi isn’t the only one who is out-of-touch and doesn’t understand economics.
Now that the Trump administration’s historic tax reform is actual law, there is every reason to expect continued good economic news and higher rates of economic growth.
President Trump has already done more to grow the U.S. economy than the last four presidents and 28 years combined.
So the corporate tax rate in the conference committee bill is 21 percent, not 20 percent. That’s okay, we’ll get over it!
If the corporate rate cut doesn’t take effect until 2019, businesses may choose to wait a year and defer income and production.
The economy used to frequently meet or exceed 4 percent GDP, before big tax, spend and regulate policies became the norm. Tax reform might take us back to the future.