The 2017 Tax Bill was signed into law today by President Trump. In a George Will op-ed piece that appeared today, he writes: “…a presidential assistant calls this year’s tax legislation ‘the most significant tax reform we’ve had since 1986.”‘ Which is like bragging about the tallest building in Boise. The 1986 tax reform radically simplified the tax code. Since then, the code has acquired more than 15,000 new wrinkles. The 2017 tax legislation might — this is difficult to measure — have managed the minor miracle of making the 70,000 page code more complicated.” My campaign’s tax reform, conversely, would make the tax system a whole lot less complicated. There would be an easy one-page form, for practically everyone — with a simplified progressive tax. Loopholes, etc., would be all but eliminated. (There are currently some 173 of them.) Why eliminate most? Because American taxpayers currently spend approximately $200 billion and 5.4 billion hours working to comply with federal taxes each year. Time that could be better spent. Money that could be better spent. That simple. For more on our tax policy proposal, see…
