Peterson Foundation Statement on Tax Reform
Peterson Foundation Statement on Tax Reform
NEW YORK — Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, commented today on tax reform, following President Trump’s remarks in Missouri.
“Smart tax reform will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook. From both a fiscal and economic standpoint, tax reform is essential.
“In order to be truly pro-growth, tax reform must be paid for. Tax reform that worsens our fiscal condition is counterproductive because increasing our national debt harms economic growth. Reforming taxes in a fiscally responsible way will increase confidence and certainty, and improve conditions for economic growth.
“President Trump and Congress have a rare opportunity to reform our outdated tax code in a way that grows the economy, not the national debt. As we move toward more detailed proposals, lawmakers should work across party lines to craft durable, comprehensive tax reform that is both pro-growth and fiscally responsible.”
Further Reading
What Are the Economic Costs of Child Poverty?
Child poverty is higher in the United States than in other wealthy countries. Studies show that it has quantifiable economic costs.
Budget Basics: Unemployment Insurance Explained
The Unemployment Insurance program is a key counter-cyclical tool to help stabilize the economy and speed recovery during downturns or crises.
Quiz: How Much Do You Know About Healthcare in the United States?
The United States has one of the largest and most complex healthcare systems in the world. Take our healthcare quiz to see how much you know about the cost and quality of the U.S. healthcare system.