id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
taxlaw-6840	Clausing, Kimberly A. 	FIXING FIVE FLAWS OF THE TAX CUTS AND JOBS ACT	2020	45	.pdf	application/pdf	22372	880	53	By carefully closing loopholes that allow the wealthy to classify their income in more lightly-taxed forms, the government can raise more revenue without relying on excessively high tax rates.27 And, of course, tax revenue is also vitally important in funding urgent priorities that can help address the needs of workers and the bottom 90%: infrastructure, R&D investments, education, and healthcare. With respect to the “worldwide” system, the U.S. government raised almost no revenue from the taxation of foreign income, since tax was not due until repatriation, and companies were adept at shielding foreign income from U.S. tax by using foreign tax credits or simply waiting for more favorable tax treatment.	cache/taxlaw-6840.pdf	txt/taxlaw-6840.txt