Jeb's Tax Plan Would Boost Economy, Debt

A major tax reform proposal from Jeb Bush is fast becoming a Rorschach test for analysts from both ends of the political spectrum.

The Wall Street Journal’s editorial page hailed it as a pro-growth blueprint that would give the economy a “huge lift.” Budget hawks warned that the proposed deep cuts in corporate and individual tax rates would drain the Treasury and add between $1.2 trillion and $3.4 trillion to the national debt over the coming decade.