Beltway Confidential

Tax reform must take a hammer to deductions

By Tom Rogan
Published September 27, 2017 7:19pm ET
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Tax reform must take a hammer to deductions
Speaker of the House Paul Ryan, R-Wis., and Senate Majority Leader Mitch McConnell, R-Ky., announce the Republicans' proposed rewrite of the tax code for individuals and corporations, at the Capitol in Washington, Wednesday, Sept. 27, 2017. President Donald Trump and congressional Republicans are writing a far-reaching, $5-trillion plan they say would simplify the tax system and nearly double the standard deduction used by most Americans. (AP Photo/J. Scott Applewhite) | J. Scott Applewhite

As the big tax reform push commences on Wednesday, Congress should focus on slashing as many deductions as possible.

This imperative takes on a new urgency in that the Republicans published outline for reform “eliminates most itemized deductions, but retains tax incentives for home mortgage interest and charitable contributions.”

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Commentary Congress Labor Tax Reform Tom Rogan