Historic Tax Reform on the Horizon

"JOHN FUND: IT LOOKS LIKE WE ARE FINALLY ON THE CUSP OF TAX REFORM" - John Fund, Fox News John Fund writes in Fox News that with the passing of yesterday's House bill, "it looks as if we are on the cusp of real tax reform" for the first time in three decades. The Tax Reform Act of 1986 "set the stage for the economic growth of the 1990s." Flash forward to 2017, and the current preferences embedded in our tax code "drag down our economy overall," Fund writes, meaning a "simpler, fairer tax code is a big part of getting [the] growth" necessary for a more stable economy. Fund explains that if we don't pass tax reform this year, "the moment may be lost for years or even decades. . . . Can our nation and our children and grandchildren afford that delay?" Click here to read more ------------ The Washington Examiner argues that corporate tax cuts will "[make] American businesses more competitive worldwide, and [encourage] them to reinvest overseas profits in jobs and growth back home." Democrats "saw no need to warn people against them when former President Barack Obama supported a cut to the corporate tax rate," the Examiner added. ------------ In foreign policy news, The Wall Street Journal editorial board writes that President Trump's remarks in his November 10 speech to the Asia Pacific Economic Cooperation sent the important message that America "has a vital national interest in keeping shipping lanes open and deterring Chinese territorial expansion," deeming continued Chinese expansion "as a threat to regional stability." ------------ Reuters reports that Iraqi forces on Friday liberated Rawa — the last remaining town under the control of the Islamic State — thereby "signaling the collapse of the group's self-proclaimed caliphate." ------------ At The Hill, Emmett McGroarty and Erin Tuttle write that EPA Administrator Scott Pruitt is working hard to "drain the swamp and return government to the people," through "transparency and reasoned, fact-based decision-making resting on sound statutory footing."