Slashing tax rates to near century lows is eminently doable if Congress is willing to clear out the accumulated tax-code junk. The Tax Cuts and Jobs Act – signed into law by Donald Trump at the end of 2017 – marked a historic overhaul of the U.S. tax system. It cut taxes for families at every income level and made American ...

As Congress searches for policies to meet our current economic challenges, maintaining full expensing–which has begun to phase out–should be top of the list. Full expensing protects business investment from the costs of inflation and supports economic growth by reducing barriers to new investments. Expensing (also called 100 percent ...

Creating targeted tax-free investment accounts may be the most effective way to reduce wealth inequality. The White House is expected to announce details of its tax cuts for the Trump second term. One idea on the table is to create tax-free investment accounts for lower- and middle-income families. The plan we’ve suggested to the president ...