The Ignorance of Trump's Vague Tax Plan

Adam Davidson analyzes the Trump Administration’s tax-reform proposal.

For the rest of this year, Washington will be engaging in another sporadic spasm of tax reform. The White House has made clear that a major tax bill is now its highest priority. Under President Trump’s byline, an op-ed in USA Today laid out the tax goal in triumphal, vague language: “We want you to spend your valuable time pursuing your dreams, not trapped in a tax compliance nightmare.” There are a few more details in the Treasury Department’s “Unified Framework for Fixing Our Broken Tax Code.” The nonpartisan Tax Policy Center found that the plan would cut federal revenue by trillions of dollars, and that “those with the very highest incomes would receive the biggest tax cuts.”