Daniel Bunn President and CEO at Tax Foundation | Twitter Website
Republicans face a challenging year as the individual provisions of the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire. If Congress does not act, 62 percent of taxpayers will experience a tax increase. Conversely, simply extending the law could add over $3.5 trillion to the national deficit.
The legislative agenda in Congress has attracted significant attention from DC lobbyists, each group advocating for its own tax priorities. Despite efforts in 2017 to simplify the tax code, complexities remain.
For Republicans aiming for successful tax reform this year, it is crucial to move beyond demands for specific provisions and focus on a principles-first approach.
This article previews an op-ed originally published in The Hill.
