As lawmakers speed toward extending expiring provisions from the Tax Cuts and Jobs Act (TCJA), they should watch out for tax policy potholes. Proposals to eliminate taxes on tips, overtime pay, and some Social Security benefits may seem like the road to relief, but these gimmicks would cause more harm than good for taxpayers and businesses. Instead of creating a patchier tax code with some winners and many more losers, lawmakers must simplify the tax code and ensure shared prosperity.
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