Why tax reform is hard and will get harder

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In February, when President Trump was negotiating a deal to replace Obamacare, he said, "Nobody knew healthcare could be so complicated." The healthcare deal failed, and now it's on to tax reform.

It could get even worse, says New York University professor Lily Batchelder, formerly chief tax counsel for the US Senate Finance Committee and deputy director of President Obama's White House Economic Council.




Warren Olney