In March, Republican presidential candidate Senator Marco Rubio and Senator Mike Lee unveiled a tax reform plan that’s gotten mixed reviews. While there’s praise for their ideas on taxes for business, the reception for their proposed changes to the individual income tax aren’t so positive. Here are some short articles that express reservations about the Rubio-Lee tax reform ideas for the individual income tax. In “Grading The Rubio-Lee Tax Reform Plan” on March 4 at Forbes, Dan Mitchell of the Cato Institute analyzes what’s wrong and what’s right with the plan. The “most disappointing feature of the plan” is its reduction of the top rate by only 4.6 percent. But more significantly, the new top rate would kick in at much lower thresholds: $75,000 for singles and $150,000 for marrieds. Currently, the top rate applies “only when income climbs above $400,000.” Mitchell concludes that “a significant number of...(Read Full Article)