The New York Times

The Republican Tax Plan's Magic Asterisk

In devising any complicated plan, there will be some knotty issues when it is tempting to offer vague promises of fixes that come later. The new Republican tax plan includes just such language, about a provision that wealthier Americans might find tempting to abuse.

“The framework contemplates that the committees will adopt measures to prevent the recharacterization of personal income into business income to prevent wealthy individuals from avoiding the top personal tax rate,” says the tax reform blueprint presented on Wednesday by congressional Republicans and the Trump administration.

This article originally appeared in .

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