27-04-2017 09:07 via ocregister.com

A simple, sweeping tax plan is just what’s needed

For generations, Republicans have dreamed of fundamental, sweeping reform to the country’s burdensome and labyrinthine tax code. Under President Trump’s brief, but dramatic, new plan, they just might get it.
Anchoring the proposal is a 15 percent flat business rate, applicable to everything from small businesses to big corporate concerns, and, on the personal side, a wipeout of itemized deductions except for mortgage interest and charitable giving, in exchange for twice the standard
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