First some full disclosure. I am a Republican free market economist.

I believe in the importance of individual incentives and responsibilities. I believe in limited government where reasonable.

I think the tax code should be as simple and transparent as possible. For over 10 years, I have advocated a revenue neutral rewriting and simplification of the tax code to encourage saving, investment, and entrepreneurship and to reward hard work Changing the tax code is a huge undertaking.

In personal terms, you can think of it as building a complicated house. It can only be done every few decades.

The Republican party had a chance to deliver something of great value to the country. With careful planning and forethought it could build a “dream house.” What they did was throw up a hastily built shack. Read more from valuewalk.com…

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