With true game-changing tax reform one step closer to the finish line with the 2018 budget resolution passing the House and scheduled for the Senate vote during the week of October 16th, Washington policy wonks have had a field day debating and clashing swords over the tax reform framework GOP leaders released last month. Unfortunately, lost in the muddle of their pie charts, graphs and projections is how all of this will impact America's consumers.
Consumer spending accounts for approximately 55 percent of our nation's economy, and supports 61 percent of its employment. It seems then, that with the stated goals of creating jobs and economic growth, any tax reform proposal that is good for consumers will go a long way toward checking all the right boxes for pro-growth tax reform.
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