Deduct all tax deductions
Regarding George F. Will’s July 13 op-ed, “Fixing the ‘rotting carcass’ tax code”:
President Trump’s income-tax reform is a worthy effort. Anything that simplifies the U.S. tax code and lowers taxes is good for the country. Of course, lowering taxes has to be done in conjunction with lowering spending and recognizing the effect on the deficit.
One might think simplifying the tax code was something most people could agree on. However, any change is a plus for some and a negative for others. Mr. Trump is proposing eliminating all deductions except for mortgage interest and charitable donations. Why? Why not eliminate all deductions?
Why eliminate medical deductions when we are faced with high medical costs and when attempting to reform the Affordable Care Act is so difficult in part because of these costs? And why keep charitable deductions? High earners deducted $108 billion in charitable donations in 2014.
Mike Blivess, Ashburn