Truth, Lies, and Tax Reform

Speaker of the House Paul Ryan looks on as President Donald Trump speaks about tax reform legislation in the Cabinet Room at the White House on November 2nd, 2017, in Washington, D.C.

Speaker of the House Paul Ryan looks on as President Donald Trump speaks about tax reform legislation in the Cabinet Room at the White House on November 2nd, 2017, in Washington, D.C.

If you are having nightmares about the approaching tax season, you aren’t alone. Over 152 million people will file taxes this year. In Washington, the solution to anxiety about taxes is to cut them. Low taxes are the policy approach favored by the Republican Party, and even many Democrats. High taxes harm growth, impede investments, reduce incentives, and create a sluggish economy, the logic goes.

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