Congress recently passed the Republican tax bill along strict party lines. The bill was rushed, with little time to debate or even read it beforehand. The process was reminiscent of passing the Affordable Care Act, in that it emerged with the support of only one party — Democrats then, Republicans now. Partisanship has grown so toxic that long overdue legislation such as health care, immigration and tax reform are held over a barrel by extremists and obstructionists.
Fiscal policy can be complicated. The Federal Tax Code is so complex that any meaningful change may have unintended consequences to taxpayers and the broader economy.