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Politics : View from the Center and Left
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To: Bread Upon The Water who wrote (245678)2/26/2014 9:19:02 PM
From: Bread Upon The Water  Read Replies (1) of 542655
 
Very interesting discussion on Kudlow about the tax proposal IMHO. Both the right (The Heritage Foundation) and the Left ( I assume) (The Center for Budget and Policy) experts found things to like about it.

1. Eliminates the need for 95% the taqpayor's to itemize.

2. Makes our Corporate tax rates competitive with the rest of the world.

3. Probably will have a pro-growth effect.

Not that they both didn't have quibbles about it. The left expert's main one being it's revenue neutrality approach saying we need to grow tax revenue to accomplish out long term budget goals, but this was a good place to start the conversation.

Can't remember the Right expert's critique, but he too thought it was a good starting place.

So maybe this will get the political conversation about tax reform going.
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