GOP Tax Bill Fixes Some Problems, But Exacerbates Others

[Batman_fan]

https://www.wsj.com/articles/gop-tax-bill-fixes-some-problems-but-exacerbates-others-1513787259

Corporate tax cut and reduction of distortions are high points, but tide of red ink and an array of breaks remain burdensome

For tax reform, it’s the beginning, not the end.

Economists across the political spectrum have long agreed that the U.S. tax system was globally uncompetitive, tilted against investment, riddled with distortionary tax breaks, and incapable of financing the country’s fiscal promises.

The package that Congress has passed and President Donald Trump will soon sign bears only limited resemblance to the reform most economists envisioned. It fixes some of these problems but makes others worse, which will force legislators to return to the table in coming years.

[Quickgun_murugan]

Correct