The House and Senate tax-reform bills are open to legitimate criticism. The goal of deficit-neutrality is shattered by the $2 trillion price tag over a decade (adjusted for gimmicks). The goal of a stable, predictable tax code has been replaced with a mess of phase-ins, phase-outs, and expirations. The goal of tax simplification has taken a back seat to new tax provisions that are even more complicated than those eliminated. There is substantial room for improvement.
Unfortunately, rather than offer these nuanced but justifiable criticisms, many critics are shouting outrageous and bogus claims. Here are four of the most popular.