Former Florida Gov. Jeb Bush released his tax reform plan yesterday. From The New York Times:
Former Gov. Jeb Bush is challenging some long-held tenets of conservative tax policy with a populist plan that targets valuable deductions that benefit the wealthy and the “carried interest” loophole that has enriched hedge fund managers for years.
Mr. Bush took his tax plan directly to the business world on Wednesday in a Wall Street Journal op-ed that details his strategy of reducing corporate taxes and personal income taxes while eliminating provisions that favor the wealthiest Americans.
The plan is intended to spur the economy to grow at an annual rate of 4 percent by giving companies incentives to invest domestically and by easing the tax burdens on low and middle-income families.
Read the full article here.