Opinion | We should finally pass tax reform

By Jennifer Rubin Jennifer Rubin Opinion writer covering politics and policy, foreign and domestic Email Bio Follow Opinion writer March 31 at 12:00 PM Republicans promised to pass tax reform but instead delivered tax cuts heavily tilted to the rich and to corporations. Far from simplifying the code, this added complications, including the 20 percent rate for pass-through income.

If we want to raise more revenue and reduce income inequality, there is a much better approach. Former car czar Steven Rattner recommends narrowing the gap in rates between investment income and regular income : But the 2017 tax cut legislation reduced the tax rate on corporate profits to 21 percent, from 35 percent. So if taxes on capital gains and dividends were raised by those 14 percentage points, we capitalists would be no worse off — and American companies would still be more competitive globally, the theory behind reducing the corporate tax rate.

More important, I would argue, is passing sweeping ethics reform, including some of the measures Sen. Elizabeth Warren has recommended. She has proposed redoing rules for lobbyists, one way in which the rich accumulate excessive power: Put a windfall tax on excessive lobbying, to ensure that when companies spend millions trying to stop the government from protecting the public, the cops on the beat get more resources to fight back. . . . We should ban Americans from getting paid to lobby for foreign governments - period. If foreign governments want to express their views, they can use their diplomats.

Today will be a great day for Trump to release his tax returns .... DavidCornDC

Duh it’s passed. This was the best year I’ve ever had for my taxes. Thanks to President Trump

FairTaxOfficial is best! No more tinkering with an outdated, inefficient tax system.

We should end taxes.

Flat tax with no deductions other than capped charitable contributions. it's that simple

DropTaxesNotBombs

Noooooooooo

😄

Start with taxation of expatriates

Trumps tax reform saves me $87 every week 🇺🇸

Top 5% of income earners pay approximately 50%of ALL income tax Over 50% of ALL Americans pay ZERO income tax. Of the remaining 45% of Americans who DO pay income tax. Over 80% Got a Tax Cut (IRS FIGURE)

Liberals are beyond parody.

You mean that cash handout to the really rich that Trump pulled off doesn't count? LOL

Is your whole platform based on bs opinion pieces? Pretty sad if that’s true. Can’t be really considered news if you don’t actually cover news just your opinions or “perspectives”

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