This article originally appeared at the Weekly Standard. Click here to read the full story.
By Ike Brannon
Republicans have been tripping over one another to slag President Obama’s tax proposal, made in his State of the Union address, to repeal the step-up in basis on inherited wealth and use the revenue it would generate to increase the child tax credit and pay for free community college. While it’s almost Pavlovian for Republicans to attack any Obama tax proposal, this one actually contains the seeds for a radical tax reform that would be much more conducive to economic growth than anything currently on Paul Ryan’s desk.