Subject: The tax-plan wait is over
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 27 Apr 2017 05:01:54 -0400 (EDT)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisTaxes, Trump and the Big RevealNo, not that big reveal. But Donald Trump finally released the details of his long-awaited tax plan yesterday — or at least some of them, since his proposal was light on specifics. Still, the headline numbers are bold: an individual top rate of 35 percent, three tax brackets instead of seven, and of course, that famous 15 percent corporate tax rate.But early reviews are mixed. Al Hunt slams the plan for enriching the already-rich (including the current occupant of the White House) while adding trillions to the deficit, but Tyler Cowen begs to differ: Executed properly, he says, that 15 percent corporate rate would spark investments that more than make up for its cost.Jeff Sessions Should Learn From New York, Not Chide ItThe NYPD's "soft on crime approach" has led to "gang murder after gang murder" in New York City, the attorney general recently claimed, even though homicides in the city are at a near-record low. That got Justin Fox wondering: How does New York compare with Sessions' home state of Alabama in terms of crime and punishment? If you care about law and order, the answer might worry you.Why China's Drones Are Taking OffAs Amazon struggles to make delivery by drone a reality, the Chinese retailer JD.com has already reached thousands of customers by UAV. Why is the U.S. lagging behind? Michael Schuman suggests a light regulatory touch has given China an advantage.Why Food Is Taking Over Everyone's LifeTeenagers today spend more money on food than they do on clothes, while adults debate whether eating is the central art form of our time. Clearly, the culinary world is having a moment. But why? Virginia Postrel considers five reasons that fulfilling a primal physical need turned out to be the perfect match for the digital age.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsWhy bargain travel sites may no longer be bargains (Backchannel)Where nearly everyone is below average: Investing in funds (USA Today)From Netflix to rented homes, why are we less interested in ownership? (New Statesman)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflySingapore banks' Hong Kong envyConsumers show signs of frailtyBold action needed for retirement saving(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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