Tax Reform and the Supply Side Promise (Tax Reform Part III)
The US House of Representatives passed in November the “Tax Cuts and Jobs Act” bill and the Senate followed with its own version shortly after Thanksgiving. Both bills intend to provide comprehensive tax reform and are premised on meeting three objectives: Reduce Taxes on Americans and American businesses in general. Simplify the tax code simple so that most filers can file it as easily as on a postcard. Grow the economy through the underlying economics of job growth through