The release of the Big Six tax reform framework has been, as a whole, an encouraging development. From what we know so far, Congress looks set to finally simplify the tax code and reduce taxes, a winning combination that will ease compliance burdens while putting money back in the pockets of middle-class Americans.

Yet fear is developing that full expensing of business investments might be pitted against other pro-growth reforms, like a lowering of the corporate tax rate, with legislators forced to pick one or the other. Lawmakers should not be misled by this false dichotomy.