Editorinchief, megan murphy. You have a big focus on tax reform this week. In business week, in the business section, you guys layout graphic. Megan we took a close look at the house plan. It is a serious attempts to implement major changes to the u. S. Tax structure. But also, there is just so much at politically. Stake with this politically. , and it is fascinating that a year after the election we are , 2016, giving to what republicans universally say is the real thing that they have to get it done now tax reform. ,and its tax reform. When anyone tries to get this done, there is a reason why it has failed traditionally in the past. Its because the u. S. Tax code is so complex and there are so many vestederest Trees Industries and sectors and people and special Interest Groups that relied on parts of the tax code that in a normal, system, you would not have had in there. What is fascinating about the tax plan is how much that it raises the deficit which has long been anathema for rep
In the business section, you lay out graphic. Megan we took a close look at the house plan. It is a serious attempts to implement major changes to the u. S. Tax structure. But also there is so much at stake politically. It is fascinating that a year after the election, we are now getting to what republicans universally say is the real thing that they have to get, tax reform. When anyone tries to get this done, there is a reason why it has failed in the past. The u. S. Tax code is so complex and there are so many vested industries and people and and special Interest Groups that relied on parts of the tax code that in a normal, intelligence and stem you would not have him back. What is fascinating about the house tax plan is how much that it raises the deficit which has long been anathema for republicans. But also to make the numbers work, how much they look at smaller, limited parts of the code that will make a difference. Julia it is ok when you add those pieces together to make the mo