Donald Trump is fumbling his real chance at tax reform

The Trump administration, with great fanfare, rolled out a new tax plan on Wednesday. It was neither particularly new nor truly a “plan,” at least not in the way that word is typically used in presidential politics. It actually tells us less about where Trump wants to take the tax code than his campaign plan did, which bodes poorly for anyone who hoped Trump was serious about a sweeping, pro-growth overhaul of the system.