If Congress Is Serious About Tax Reform, It Should Stop Passing Bills Like This

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Heritage Foundation

House Speaker Paul Ryan doubled down earlier this month on getting tax reform done by the end of the year.
He said he hopes to put a tax bill on President Donald Trump’s desk by “deer season”—Nov. 18 for those who aren’t familiar.
But if the recent House vote to extend and expand tax credits for nuclear energy is any indication, Republicans might not be as serious about getting tax reform done this year as they say.
Ryan’s ambitious timeline for reform could be achievable, as the House GOP tax blueprint is a good foundation for updating the tax code.
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In his first major speech on tax reform, he rightly called out one of the most important components of reform.
“Real tax reform means slashing our corporate tax rate as low as possible,” Ryan said. “This means eliminating special-interest carve-outs and replacing them with lower tax rates for all businesses.”
This has been the rallying cry of tax reformers for decades. The tax system needs to be simplified by, among other things, eliminating the long list of current tax preferences.
Such reforms can help partially lower the tax rate for all businesses and stop Congress’ destructive habit of using the tax code to pick winners and losers in the private market.