The Mackinac Center for Public Policy today signed onto a letter of support for the Tax Cuts and Jobs Act, which is the latest federal tax reform effort in Washington. While the reform is far from perfect, it will simplify our Byzantine tax code, reduce compliance costs, cut taxes and spur economic growth.

This the second letter we have signed onto regarding tax reform. The first letter encouraged Washington, D.C. lawmakers to simply take up the difficult burden of reforming the system. This second letter is directed at United States senators. The House has already passed a reform bill known as the Tax Cuts and Jobs Act. I have written on major parts of the legislation here and here.

This is arguably the most comprehensive reform of the federal tax code since 1986 and, in my opinion, is a net positive for the country, Michigan, businesses and people. It should be adopted. Let us hope that the Senate has the good sense to work out an honorable compromise and help make it law.

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