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Tuesday, August 22, 2017

Sanchirico: KISS The Tax Blueprint Goodbye — Meet The 25-25-25 Plan

Chris William Sanchirico (Pennsylvania), KISS the Tax Blueprint Goodbye: Meet the 25-25-25 Plan:

Seeking definitive legislative success after the stall-out on healthcare, Congressional Republicans may want to keep it simple on tax reform. This paper examines the merits and demerits of a particular minimalist tax plan: lower the corporate tax rate to 25%; tax legacy foreign earnings at 25%; move to a “territorial” tax system for foreign earnings with a minimum tax patch at 25%. The paper uses analysis of this specific plan as a vehicle for clarifying some general considerations surrounding business tax reform.

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Living in a fantasy world, he is.

Posted by: TheTurk | Aug 22, 2017 7:34:16 AM

You may be on to something here. Not only is tax reform DOA, but everything else is also dead, except the debt ceiling. However, the stock market built corporate tax cuts into the Trump bump, which is going to turn into the Trump slump if they don't get their cuts. (There's more than one way to boast earnings.) If so, I can see congress jamming tax cuts through between Thanksgiving and Christmas.

Posted by: Dale Spradling | Aug 23, 2017 7:22:17 AM