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Americans for Tax Reform Donald Trump Grover Norquist

Norquist endorses tax plan

28 Sep, 2015

Norquist endorses Trump’s tax plan. However, Norquist’s American’s for Tax Reform has some concerns:

Trump’s plan is certainly consistent with the Taxpayer Protection Pledge. Trump has said he opposes net tax hikes and has made clear that the real problem is spending. This plan is a reform, not a tax hike…The most disappointing part of the Trump plan is that the tax system would move no closer to full expensing of business fixed investment. Businesses would still be saddled with the complex, distorting, and growth-inhibiting ‘depreciation’ regime where an asset is deducted over several or even many years.