Tax Cut Vs Tax Reform

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This article has helped me understand the concept of tax reform vs. tax cut. Real reform restructures the tax code to make it simpler, fairer, and more efficient. The article notes that Tax reform, which may include tax cuts, is harder to achieve and involves tough tradeoffs. Tax cuts, on their own and without many tradeoffs, don't qualify as reform and are a much easier sell. When it comes to politics tax reform and tax cuts are always a topic, so the next time I tune into a presidential debate I will be well aware of the concepts between the two.

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