Abstract: Looking specifically at taxes, Brookings Senior Fellow William Gale and Research Assistant Aaron Krupkin write that the US does not have a good tax system that raises the revenues needed ?to finance government spending in a manner that is as simple, equitable, and growth-friendly as possible.? Noting that often simply discussing a tax proposal publicly can kill it, they highlight five general areas where tax policy could be improved: raising long-term revenue; increasing environmental taxes; reforming the corporate tax; treating low- and middle-income earners equitably and efficiently; and ensuring the appropriate taxation of high-income households. ?Comprehensive tax reform is easy to talk about, but hard to do. The pursuit of sweeping tax simplification is a noble goal, but quixotic.?
Publication Year: 2015
Publication Date: 2015-11-25
Language: en
Type: article
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