3 ms·
The tax code is broken, but it's not due to reducing the distortions that have broken it. SALT, mortgage interest etc should all go away. They're subsidies to
by jeffbax 8y ago
The tax code is broken, but it's not due to reducing the distortions that have broken it.
SALT, mortgage interest etc should all go away. They're subsidies to the wealthiest.
The tax law was good for bringing the corporate tax back to competitive global levels, good for doing what it can to fix distortions, and bad for lowering the top income bracket in an age of $22T debt (though you'd probably be surprised at the amount of high tax EU welfare countries that use a flat tax, and better tax luxury which should be the real goal, not income in the first place)
Maybe if enough blue state workers (of which I am one) start to feel the implications of their voting records, we can start to have the overdue conversation on how and what we spend on.
* also speaking from a generally libertarian angle