Trump Needs to Cut Taxes Now, Forget ‘Revenue Neutrality’
Tax cutting should be simple. We’ve done it before, the best ones being the 1964 JFK/LBJ reduction of income taxes across the board, with the top rate dropping to 70% from 91%; and Reagan’s 1981 cuts, with the top rate dropping further, to 50%. President Trump campaigned repeatedly on tax cuts – and won on that promise. Unfortunately, now his administration is stuck, with the cuts delayed until after August. Part of the reason is Trump’s recent embrace of “revenue neutrality,” as explained in an op-ed by four of the president’s campaign advisers on taxes: Steve Forbes, Larry Kudlow, Arthur...



