Ira Stoll on the GOP’s Dueling Plans for Tax Reform

House Republicans are quietly moving ahead with
dueling plans to replace the tax code with a simpler system,
reports Ira Stoll. It’s a hot topic in advance of the April 15
filing deadline for individual income tax returns. The latest
budget blueprint from the chairman of the House Budget Committee,
Paul Ryan, reports that Americans spend an estimated 6 billion
hours and more than $160 billion on tax compliance. That dollar
figure is not the tax payments, it’s just the tax-related
compliance spending on things like software, accountants, and
lawyers. A lot of Americans are thinking there has got to be a
better way.

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