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It's Time for Ryan and Brady to Drop the Cash Flow Tax

Jeremy Scott

The House Republican blueprint has received surprisingly positive reviews from many economists and tax observers.  In one bold stroke, the destination-based cash flow tax could eliminate the aspects of the tax code that encourage businesses to locate jobs overseas.  It could be a powerful engine for domestic job creation and economic growth.  All that being said, however, it's time for House Speaker Paul Ryan and Ways and Means Chair Kevin Brady to accept that the tax will almost certainly never become law.

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