The nation’s economic picture may have improved this week after President Donald Trump backed off some of his more aggressive tariffs, but the stability businesses need is still hard to come by.
Lawmakers can help. They have a prime opportunity to achieve a more stable economy through the debate about the taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
code that is now ramping up, with the House of Representatives set to vote on a $3.8 trillion tax bill in the coming week or so.
To be clear, the White House has made Congress’s task hard, and lawmakers have done little to fight back. The constant whiplash from tariffs on everything, to tariffs on some things, to tariffs on everything, to tariffs on most things isn’t a cycle that can sustain a country, let alone a company that relies on imports and foreign customers.
This is a preview of our full op-ed originally published in Barron’s.
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