Ryan Proposes Big Tax Cuts for Business and Investors, Moves Towards a Cash Flow Tax

House Speaker Paul Ryan (R-WI) unveiled his long-promised rewrite of the tax code today. The plan, which he says represents the consensus view of his Republican caucus, contemplates a substantial tax cut for businesses and many individuals, especially investors and high-income households. It would take a big step towards a business cash flow tax. Its business rate cuts would be dramatic, its individual rate cuts less so—especially for middle-income taxpayers. It would dump some targeted indivi...