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What President Trump’s tax plan would really do
After lunch with the president McConnell said the plan could bring them all together, despite Schumer attacking the proposal before it is released; Mike Emanuel explains on ‘Special Report.’
President Ronald Reagan wisely said: “You can’t be for big government, big taxes, and big bureaucracy and still be for the little guy.”
The Tax Reform Act of 1986 stands as the single greatest example we’ve known of bipartisan federal income tax policy. Once it was enacted, our nation had a simpler tax code with fewer tax exemptions and loopholes, and significantly lower rates. This brought relief to American families and businesses.
Now five administrations and two generations later, we must again act boldly and with bipartisanship to jumpstart our economy.
The Trump administration and Congress have an opportunity to build an economic legacy. By…
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