Feb
07
2012
A Plausible First Step Toward Tax Reform
Posted by: realclearmarkets in RealClearMarketsTax reform perpetually tops policymakers’ lists for ways to grow the economy, but a generation has passed since the last successful effort, the Tax Reform Act of 1986. This is because of a simple political reality-it’s hard. But not, I believe, impossible. In the 26 years since the last reform, both our economy and the global economy have changed so significantly that the case for reform has never been stronger. In addition, the level of political interest in tax reform is the highest it has been since the mid-1990s, with Presidential candidates, Members of Congress, and the…
More…