Having tackled the problem of reforming health care reform, the House Republicans have turned their attention to tax reform. Rep. Ken Brady, the current chair of the House Ways and Means Committee, has rolled out the details of a tax bill that might pass should the GOP win the presidency and retain control of the House and the Senate.

The reform bill has some familiar provisions for tax simplification. The current rates will be collapsed into three and lowered, the standard deduction raised, and a number of deductions eliminated.

That way, most people will be able to fill out their taxes on a postcard.

Small businesses would be taxed at 25 percent and expensing of equipment would be allowed in a single year. The corporate tax rate would be decreased to 20 percent but with a number of deductions eliminated as well. The tax code will be altered to encourage the return of trillions from abroad so that the money could be invested in the United States. Exports would not be taxed, and imports would not be subsidized.

The most innovative aspect of the legislation is the part that eliminates the IRS, the most fearsome agency in the federal government, and splits it into three.

One new agency would deal with business taxes. Another would serve as a customer service office to help people deal with their taxes. The third part would consist of a small claims tax court so that taxpayers will be able to address disputes with the federal government without the need for expensive lawyers or tax resolution businesses.

The proposed tax reform bill is still a work in progress, with Americans being encouraged to offer their input. However, it constitutes the most comprehensive attempt to improve the Byzantine tax code since the tax simplification bill of 1986.

It goes almost without saying that tax reform makes the presidential election more crucial than ever. President Barack Obama and Hillary Clinton regards the tax code as a weapon to punish their enemies and to soak the rich. Donald Trump, a businessman, might be inclined to agree with the idea that the tax code should be a means to raise money for the functioning of the government as painlessly and equitably as possible.

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