April 28, 2017

The WSJ Ed Page Salutes the President

I think it fair to say that the WSJ Editorial Page has not been President Trump's biggest cheerleader -- they have been tough where he conflicts with their "free people, free markets" philosophy. But they've given plaudits as well. Today's has a solid defense of his Privatization and Disneyfication review of National Monuments.

Yet, the 'Yuge One' is Kim Strassel's paean to his tax plan: Trump's Greatest Moment (So Far).

Start with the fact that this proposal is substantive. It didn't have to be. In the wake of the health-care meltdown, Republicans on Capitol Hill began debating whether they ought to throw out messy, complicated tax "reform" in favor of easy, straightforward tax "cuts." That wasn't what they campaigned on; they had promised to slay the tax-code beast. Moreover, targeted rate cuts wouldn't deliver for the economy. But this crew argued to the White House that a slimmed-down approach would at least deliver a quick, symbolic legislative victory.

Mr. Trump's plan rejects that retreat. Instead of going weaker, it goes stronger, compiling into one document all the tax-reform ideas that most inspire conservative movers and shakers. Simplify the brackets? Check. Lower rates? Check. Harmonize rates between corporations and small businesses? Check. Move to a territorial corporate-tax system? Check. Kill off the estate tax, the alternative minimum tax, itemized deductions, and corporate loopholes? Check. This is the sort of stuff that think tanks, congressional reformers and business groups have been salivating over for years.

Trump Revolution Posted by John Kranz at April 28, 2017 10:11 AM
| What do you think? [0]