Opinion: Trump tax plan is silent on boosting productivity, competitiveness
Editor’s note: Joe Kennedy is Senior Fellow at the Information Technology and Innovation Foundation, a non-partisan think tank. WASHINGTON, D.C. – The Trump administration released [on Wednesday] the outlines of the president’s proposal for tax reform. While some of the provisions are critical for boosting U.S. economic growth, like a lower corporate tax rate and a so-called “territorial” system for taxing companies’ foreign profits, the plan is silent on many other key measures that are necessary to boost productivity and competitiveness. Critically, the plan also would add trillions of dollars to the deficit over the next decade, an issue the...
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