The Next Big Policy Fight?

Trump’s tax reform plan has, at last, been outlined — and the border adjustment tax looks like it’s been excluded. However, nothing is certain with this administration, and we spoke with one of the intellectual authors of the idea of cash flow taxation in the U.S., Berkeley economist Alan Auerbach, about the concept’s intricacies and its likely medium-term effects if it becomes a reality.

With the announcement in late April of the Trump administration’s broad strokes for tax reform — its highlights being big relief for individual taxpayers and bigger relief for corporations of all sizes — the President may have set himself his toughest …

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