Why the GOP tax plan is great news for America.

We finally have a tax plan, or at least the broad strokes of one. Last week, President Donald Trump and congressional leaders rolled out the framework of their plan to overhaul the tax code. The proposal calls for cutting the top corporate rate from 35 percent to 20 percent and lowering the top individual tax rate from 39.6 percent to 35 percent, while lowering the other individual rates and condensing the seven current brackets into three. The tax proposal still faces an uncertain future. “Each of these additional reforms should strengthen support for tax reform and add an additional boost to the economy,” says Adam Michel, a policy analyst in Heritage’s Thomas A. Roe Institute for Economic Policy Studies. “Tax reform that follows the outline we heard from the president and Congress can truly make America great again by unleashing higher wages, more jobs, and untold opportunity.” Keep reading Michel’s analysis.

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