The Making of a Miracle

Against all odds, Congress hammers out a radical tax-reform plan

They said it couldn't be done . . . couldn't be done . . . couldn't be done. Scrap the gargantuan federal tax code and write a simpler, fairer one? How naive! Drastically reduce top tax rates to their lowest levels in 58 years by throwing out the special breaks and deductions that have accrued over the past four decades? No way! Let the free market determine how people spend and invest their money rather than allow shills for favored industries to use the tax code to tinker with the economy? Get real! Such a drastic overhaul would amount to putting...

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