Tax Reform 2.0: Solving the 'Skills Gap' with One Weird Trick
Congressional Republicans and President Trump made news recently by suggesting a second round of tax reforms. But they’re probably unaware of one simple change — a reform so uncontroversial and bipartisan that it might lull you to sleep — that would lead to greater individual opportunity and long-run economic growth: We should make investments in worker training tax deductible.
Under current law companies can claim tax deductions for the cost of doing business, from paper clips and computers to worker compensation. The problem is that the tax code limits how companies can invest in people...
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