Twelve reasons to like Jeb’s tax plan
Greg Mankiw (noreply@blogger.com)
Jeb Bush has released a tax plan . Here are some elements of it that I find attractive: It lowers the top rate on personal income to 28
percent, the same rate as the bipartisan 1986 tax reform. It broadens the base by capping the use of itemized
deductions. It eliminates the deductibility of state and
local taxes, so low-tax states and towns no longer subsidize high-tax ones. It maintains the deductibility of charitable
giving, encouraging private solutions to social problems. It reforms the tax
