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While millions of Americans are on holiday during August, tax committees in Washington are busy drafting a tax reform bill.
Senate Finance Committee Chairman Orrin Hatch (R-UT) was interviewed by national media on August 6. He was asked about the White House proposal to reduce rates to 10%, 25%, and 35%. Hatch responded, "If we could get to those rates, that would be miraculous, and it would be very beneficial for the country."
Hatch then went on to describe a number of obstacles to lowering rates. "Looking at what we have going on in Congress right nowall the difficulties and... More