Save the Tax Code, Save the Country
This week’s Ways and Means hearing adds to the growing conversation focused on “what comes next” for the tax code. Like the residents of a dying planet, the DC tax crowd appears to instinctively understand that something big needs to change if we’re going to survive the decade.
Rumor has it that the hearing was a promise then-Speaker McCarthy made to the Freedom Caucus in exchange for their support of a past effort. The challenge is consumption taxes – the focus of Wednesday’s hearing – are problematic for everybody. On the left, their …