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Is GOP Tax Reform Dead?

Video Credit: Wochit News - Duration: 00:42s - Published
Is GOP Tax Reform Dead?

Is GOP Tax Reform Dead?

In 2017, Republicans promised tax overhaul.

The new law would simplify the nation's confusing tax code.

People would be able to file their returns on a postcard, saving people time and making taxes more understandable.

What happened to that plan?

It was unveiled last summer, but after a single, messy year of use, the tax "postcard" is dead.

The Internal Revenue Service abandoned the smaller 1040 form after one filing season.

The IRS received complaints from tax professionals and interest groups.

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