How to make the Republican tax plan work

THE last time Republicans controlled both the White House and Congress, under President George W. Bush, they passed a package of temporary tax cuts. This time they are displaying more ambition. The tax bill unveiled in the House of Representatives on November 2nd can properly be called a reform. It would slash deductions that distort the economy: for debt and mortgage interest, state taxes and manufacturers. The savings would go towards reducing most marginal tax rates.