Senate Tax Writers Want Blank Slate For New Tax Code

Senators want to scrap the tax code

The Senate’s chief tax writers want to scrap the entire code and start from scratch in their push for tax reform, and yesterday they gave lawmakers a month to make a case for preserving some of the $1.3 trillion in breaks on the books.


However, the letter says, “we plan to operate from an assumption that all special provisions are out unless there is clear evidence that they: (1) help grow the economy, (2) make the tax code fairer, or (3) effectively promote other important policy objectives.”

I’m all for this. My problem is trusting the people to assemble a code that achieves the sole purpose of funding the government from the population without behavioral incentives and loopholes for politicians and their friends.

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