2005The Economists VoiceRequires access

The Tax Reform Proposals: Some Good Ideas, but Show Me the Money

Leonard E. Burman, William G. Gale

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Abstract

The President's Advisory Panel on Federal Tax Reform has submitted an important set of proposed structural changes that would generally move the tax system in the right direction. However, at the tax rates the Panel proposes, the plans will not bring in the revenue the U.S. needs.

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The President's Advisory Panel on Federal Tax Reform has submitted an important set of proposed structural changes that would generally move the tax system in the right direction. However, at the tax rates the Panel proposes, the plans will not bring in the revenue the U.S. needs.

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Available abstract

The President's Advisory Panel on Federal Tax Reform has submitted an important set of proposed structural changes that would generally move the tax system in the right direction. However, at the tax rates the Panel proposes, the plans will not bring in the revenue the U.S. needs.

Key concepts: Tax reform, Revenue, Economics, Tax revenue, Tax credit, Indirect tax, Ad valorem tax, Public economics

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