This has to be the administration’s highest priority. There is much to be gained from bringing $2 trillion in profits stashed overseas back to the U.S., reducing the 35 percent corporate tax rate and cleaning up the individual tax rules.
After that, it will be much easier for the Trump administration to achieve its other objectives. Trump may not think he has anything to learn from Obama -- but if there is one lesson, this should be it.
This column was provided by Bloomberg News.