Source: Town Hall
by Stephen Moore
“If there’s one thing that’s critical to the continued health of the U.S. economy, it’s getting the tax reduction and expansion package through Congress and to the president’s desk as soon as possible. There’s nothing more important. The problem with that, of course, is that no one can agree on what it should look like. The best option, politically and economically, would be to start from the current baseline and reenact everything that was in the original 2017 legislation. That doesn’t provide room for eliminating the tax on tips, Social Security payments, or any of the other new deductions the president has talked about, but it does allow legislators to bypass the damaging, time-consuming debate over how to pay for them. Moving forward, we must decide what we want. The best tax reform would just lower the rates. Period.” (06/10/25)