Opportunities for Tax Reform: Remarks From House Committee on Ways and Means Chairman Kevin Brady (R-TX)

Opportunities for Tax Reform: Remarks From House Committee on Ways and Means Chairman Kevin Brady (R-TX)

Following his remarks, Chairman Brady joined AEI’s Alex Brill for a discussion on the potential opportunities and impacts of tax reform. Mr. Brill asked Chairman Brady about the features of the Tax Cuts and Jobs Act and the ways in which the act would affect different individuals. Mr. Brill discussed the significance of the corporate tax rate cut and the change in standard deduction that tax reform would bring. Chairman Brady concluded by emphasizing the importance of moving to a simpler tax system.

MGA’s Alex Brill Serves as a Panelist for Cato Institute’s Capitol Hill Briefing on “Home Stretch for Major Tax Reform?”

MGA’s Alex Brill Serves as a Panelist for Cato Institute’s Capitol Hill Briefing on “Home Stretch for Major Tax Reform?”

While speaking as a panelist, Alex Brill says, “we can have a tax reform that is net positive for the overall economy. With a better system, one different from the system we have today, the size of the US economy will be larger than it otherwise would be. It will take time from the day of enactment to the day that that effect is fully realized. And during that period of time, the economy will grow faster and then it will reach this new higher level that it otherwise wouldn’t reach and we will all be better off as a result of that.”