TRUMP TAX REFORM AND DISCONNECTED BRAINS
President Trump has said he is going to move on to tax reform after the debacle with Obamacare repeal. Is there any reason that we can expect greater success with the tax reform effort?
I argue no, unless the rules in the House and Senate are modified, and those in Congress whose brains are connected enough to distinguish between tax rates and tax revenues take control.
An example of brains that are not connected. New York State has been running TV ads, claiming that it is a good place to do business because it offers special tax breaks for new businesses moving into the state.
On one hand, these same people who gave New York some of the highest taxes in the country on the argument that it would not hurt job creation and growth, are also telling us that special tax breaks will create jobs and growth — talk about brain disconnect!
Here’s how to overcome policy-brain disconnect on tax reform.














