EDITORIAL: Congressional tax proposals aren’t fair — and aren’t reform
That question is increasingly relevant in the wake of Tuesday's elections, when
The
Lowering the boom on
Both bills would devastate middle-class taxpayers in
Worst of all, the plan is not the tax reform we need. No one will be filing on a postcard. The system won't be simpler, or fairer, or better able to improve growth and wages.
As attempts to advance the bills move forward, it's important to their effects. The marquee changes in tax rates, deductions, exemptions and child tax credits are a wash for many filers. But there are huge winners and losers.
* In the House version,
* About
* About
* Many cuts would be paid for by eliminating deductions for state and local taxes. They would be dropped in the
No deductions for medical expenses
* Beyond these huge, ill-conceived changes, both bills contain nuggets that are just mean.
If Trump and congressional leaders want to live up to their promise to kick the economy and wage growth into high gear, and want to spend
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