In 2010, the Bipartisan Tax Fairness and Simplification Act aimed to simplify the tax code by reducing brackets and eliminating specific deductions, but it failed to pass.
Elon Musk's recent proposal to simplify the tax code echoes the 2010 Act, suggesting fewer income tax brackets and eliminating certain deductions to potentially reduce bizarre tax-avoidance behavior.
Whether new proposals for tax simplification come from Musk or Trump, the focus should be on effective policy rather than originality, especially in a Congress able to enact change.
Trump's proposal to eliminate daylight saving time, while not original, highlights the trend of reviving previously discussed policies that fit into a simplified governance model.
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