Suddenly, an Opening for Tax Reform

Senate Finance Chairman Ron Wyden now recognizes that a pro-growth tax reform can raise revenues.

By Phil Gramm And Mike Solon

A glimmer of hope for the economy and deficit reduction flashed from the Senate this past weekend when the new Senate Finance Committee Chairman, Ron Wyden, announced a "breakthrough" on tax reform. When asked by Bloomberg's Al Hunt if tax reform should raise revenues, Mr. Wyden replied that the Congressional Budget Office had committed to him to "actually score pro-growth tax reform as generating revenue."

This is a breakthrough. Until now, the refusal of Senate Democrats to recognize a revenue...

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