Should-Reads: CBPP: Tax Reform Briefs

Should-Reads: CBPP: Tax Reform Briefs: “Congress is expected to consider legislation to make major changes to the tax code this year. Here is a series of two-page explanations of key issues in tax reform… https://www.cbpp.org/tax-reform-briefs

…Tax Reform Should Raise Revenues — And Certainly Should Not Lose Them… Republican Tax Plans Would Largely Exclude Small Businesses — and Could Even Hurt Them… GOP Tax Plans Would Emulate Failed Kansas Experiment… Tax Cuts for the Rich Aren’t an Economic Panacea — and Could Hurt Growth… Large Job Growth Unlikely to Follow Tax Cuts for the Rich and Corporations… Pass-Through Tax Break Would Benefit the Wealthiest and Encourage Tax Avoidance… Actual U.S. Corporate Tax Rates Are in Line with Comparable Countries… Corporate Rate Cuts Are a Poor Way to Help the Economy and Most Workers — and Could Hurt Them… Corporate Tax Cuts Mainly Benefit Shareholders and CEOs, Not Workers… “Territorial Tax” Is a Zero Rate on U.S. Multinationals’ Foreign Profits, Threatens U.S. Revenues and Wages… Multinationals’ “Trapped” Foreign Profits Not Key to Jobs and Growth… Repealing Estate Tax Would Provide Windfall to Heirs of Wealthiest Estates… Trump Campaign and House GOP Tax Plans Violate Mnuchin Rule…