JA’RON SMITH: Trump Should Apply His Magic To America’s Broken Tax System

Only three weeks into his second term, President Donald Trump is moving full steam ahead with his agenda.

He won a mandate to bring wholesale transformation to government, and he’s already delivering. This involves transforming the Federal government so it does far more with far less and creating efficiencies in slow, bureaucratic systems so they serve the people not the system.

And one area that desperately needs this improvement is the tax system! A system that has been a burden on working Americans can be completely transformed so that instead it works for working families.

Whether it’s the “no tax on tips” policy pioneered by President Trump or the $5,000 child tax credit proposed by Sen. Vance, the Trump-Vance administration will ensure the tax code works for working-families.

A key part of this will be building on and expanding the successful work of the 2017 Trump tax cut (the Tax Credits and Jobs Act). There will be many different dimensions of this innovation, but two I want to focus on are tax simplification and service rejuvenation.

We need to innovate through tax simplification so our tax code works for all Americans and rejuvenate government agencies so they put Americans, not bureaucracy, first.

Innovation was at the core of the TCJA, including through the expanded standard deduction and the doubling of the child tax credit to $2,000. This enabled many more American families to file simpler returns and keep more of their hard-earned money. We need to build on this innovation and the success of the TCJA as we look towards the future.