Ardavan Mobasheri: A forward look at the consequences of tax reform (Richmond Times-Dispatch)
January 31, 2018
To the credit of the president and Congress, a campaign pledge to reduce taxes was achieved days before the Times Square crystal ball ushered in 2018. Statutory corporate tax rates were reduced, as were individual income taxes, albeit marginally.
Part of these cuts, and we emphasize part, were financed by a reduction in eligible deductions, primarily for people in high-tax states, and for corporations.