Opinion: Partisan politics need to be put aside to allow for tax reform
EDITOR'S NOTE: Boris Epshteyn formerly served as a Senior Advisor to the Trump Campaign and served in the White House as Special Assistant to The President and Assistant Communications Director for Surrogate Operations.
WASHINGTON (Sinclair Broadcast Group) - Tax reform is a big deal.
It is the major item on both the administration and congressional agendas for the fall.
The administration has laid out a plan that calls for reducing the seven tax brackets to three and dropping the business tax rate to 15 percent. They also plan to simplify the code by deleting most deductions and loopholes.
President Trump was in Missouri on Wednesday to put the whole weight of his administration behind tax reform.
“We must reduce the tax rate on American businesses so they keep jobs in America, create jobs in America, and compete for workers right here in America," Trump said to the crowd.
Like healthcare this will not be an easy sell. While Democrats and Republicans both agree that it is time to reform the tax code, the devil is in the details.
Expect those details to be written in September, for the bill to be debated in October and to hopefully see passage in November.
It is an aggressive timetable considering all else congress needs to cover. However, success would mean huge positive effects on the economy and your wallet.
If true tax reform cannot be agreed on, there should at least be tax cuts put in place to help every American.
Here’s the bottom line: overhauling the tax code is vital for all of us Americans. It is key to keeping our economy strong. Partisan politics need to be put aside to allow for much needed tax reform and for our economy to grow.