The Republican party gained control of the federal government in the 2016 election, with tax reform as one of its central policy issues. Now elected Republicans have a choice: Will they be mere tax cutters, or will they be tax reformers?
The distinction is important. A tax cut retains the framework of the current tax system but lowers rates. A tax reform is a bolder, more comprehensive change to the structure of taxes. Tax reform addresses the question of what we should tax, not just the question of how much we should tax it.
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