Economic View: A Tax Overhaul Would Be Great in Theory. Here’s Why It’s So Hard in Practice.

House Republicans have an ambitious plan for overhauling the way American businesses are taxed. A short list of the plan’s potential benefits looks awesome: It would give companies more incentive to keep jobs in the United States, less to overextend themselves on borrowed money and provide vast savings by reducing what companies spend on tax lawyers, who help them game the current system.