Saturday is the president’s 100th day on the throne.
And Trump strikes us as a fellow sweating to get something done, against some sort of odds.
His own party reformed health care reform into the wastebasket…
Judges banned his travel ban…
The big, beautiful wall remains a big, beautiful fantasy.
But this afternoon the president’s released his latest tax reform proposal…
A critical plank drops the U. S. corporate tax rate from a punishing 35% to a relaxed 15%.
Trump says a 15% rate would take American business off its tether… lift its spirits… give it a leg up in global markets.
But if he stumbles this time, it could be a hard road back for the great deal-maker.
And he’ll need to herd lots of willful cats to ram it through…
Critics argue a 15% corporate rate would balloon the national debt – which already exceeds $20 trillion.
The Tax Policy Center, for example, says cutting the corporate rate to 15% would cost Uncle Samuel $215 billion in 2018 alone.
And gut federal revenue by $2.4 trillion over the next decade.
This post was published at Wall Street Examiner on April 26, 2017.
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