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News Link • Tax Reform

Tax Reform or Tax Perversion?

• https://www.themaven.net, Mike Mish Shedlock

Senator Ron Johnson of Wisconsin and Bob Corker of Tennessee resolved their differences.

The positions of Johnson and Bob Corker were at odds. Johnson wants to lower pass-through taxes for small businesses, which will add to the deficit.

"My primary issue is pass-throughs," Mr. Johnson said. "The good news is everybody agrees it's a problem, it has to be fixed. I just keep getting assurances it's going to be fixed, I just want to see how."

Johnson has assurances the problem will be fixed. How? Not even he knows.

Mr. Corker, a deficit hawk, wants some kind of mechanism to be added to the legislation that would kick in if projected economic growth from the tax rewrite does not end up materializing.


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