Tax reform was possible in 1986, but Republicans aren't following the same playbook that worked then

A lot of Republicans in Congress cite the Tax Reform Act of 1986 as a model for the tax plan they hope to implement in the next few months. They lament the fact the tax code hasn't been overhauled in 31 years, and say they want to do it again. But there are three very large and important differences between the 1986 reforms and the plan Republicans are considering today. The 1986 reforms raised taxes on corporations and used the proceeds of that increase to give a net tax cut to...