Jack Mintz: Heads up, Canada! America’s about to trounce us on tax reform

Jack M. Mintz

Canadians will have to wait and see whether the Republicans’ tax-reform plan for the U.S. succeeds, but certainly the big push is happening with breathtaking speed. The House of Representatives passed its bill on November 16

. The Senate’s finance committee recommended a bill to the Senate on the same day. From what I hear, the idea is for the Senate to pass legislation by December 1st. Both congressional bodies would then pass a bill after their reconciliation conference in December, perhaps before Alabama holds its Senate election on December 12

, where the Democrats are favoured to take away a Republican seat.

It’s now very possible that the

will accomplish a better tax structure that reduces distortions, minimizes complexity and is fair. Since tax reform ...

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