Republicans are struggling to find money to pay for tax cuts
Scrapping the state and local tax deduction will be difficult. But it is a good idea
REPUBLICANS have spent years talking about the need to cut and simplify taxes. In June 2016 Paul Ryan, the Speaker of the House of Representatives, released a plan to do so. President Donald Trump released no fewer than three tax plans during his campaign for office. In September the administration championed an outline sketch it had agreed with Republican leaders in Congress. Yet as The Economist went to press, Republicans had delayed the release of their tax bill by a day, having failed to iron out the details.
This article appeared in the United States section of the print edition under the headline “Deducting deductions”
United States November 4th 2017
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