Justin Haskins and S.T. Karnick, Detroit News -
On Nov. 16, House Republicans passed important tax reform legislation to simplify the tax code from seven brackets to four, closing many tax loopholes, and substantially lowering taxes for small businesses and corporations. Whether or not these policies will benefit most Americans, one thing is abundantly clear: If Congress fails to pass a pro-business tax reform plan, and many analysts believe that’s a real possibility because of the Republicans’ tight margin in the Senate, an economic crash is very likely to occur.
