TaxBytes

So the corporate tax rate in the conference committee bill is 21 percent, not 20 percent. That’s okay, we’ll get over it!

If the corporate rate cut doesn’t take effect until 2019, businesses may choose to wait a year and defer income and production.

The economy used to frequently meet or exceed 4 percent GDP, before big tax, spend and regulate policies became the norm. Tax reform might take us back to the future.

It’s not fair to judge a tax reform plan that hasn’t been released yet, but our overall excitement is tempered by a number of concerns.

Compromise on principles is wrong, but compromise on details is necessary, if any good is to be obtained.

The assumption that the highest good for a business is to pay taxes is wrong and harmful to the economy.

Faster economic growth is on the table, if only Republicans can keep their eyes on the prize.

If Republicans, with a majority in Congress and control of the White House, can’t get tax reform done, what good are they?

Let’s try not to compound economic disasters with economic fallacies. Markets work better than governments, even in a disaster.

There’s not even a bill on the table yet, but President Trump has already scored a historic accomplishment on tax reform.