Ever the disruptor, President Trump with his tax plan brings the most compelling call for tax reform in a generation. Even as it was heralded by business elites at The Wall Street Journal, the White House risks falling into the rhetorical snares of Elizabeth Warren and Bernie Sanders if it can’t communicate why the proposal also means a better life for Main Street. While certainly not perfect, the sweeping policy blueprint to reform the tax code would simplify the tax system for individuals into three tax brackets, cut the top personal income tax rate from 39.6 percent to 35 percent, double the standard deduction for taxpayers to $24,000 and lower the tax rate for corporations and most small businesses to 15 percent, more than halving the current 35 percent corporate rate. In plain English, this would be a shot in the arm for hiring, for innovation, for helping expand our economy beyond the tepid 2 percent growth rate we’ve seen in the wake of the Great Recession. In short, this means average, Jane and Joe Six Packs could get hired again, could invest and fuel their dreams again. Yet we see liberal outlets like The Huffington Post howling that “Trump’s Tax Proposal Would Be Ridiculously Good For Rich People,” while totally ignoring President…
See original post: In Pitching His Tax Plan, Trump Can’t Forget the Middle Class