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Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
The budgetary and economic effects of proposed tax legislation are a critical element of the debate.
The federal government finances its operations with taxes, fees, and other receipts collected from many different sectors of the economy.
Washington Post Congressional Reporter Erica Werner led engaging conversations with policy leaders centered on the fiscal and economic effects of recent tax and spending legislation and what’s required for a fiscal reset that can put our nation on a more sustainable course.
A panel of experts discussed the potential for a well-designed carbon tax to play a role in putting our nation on a more sustainable ﬁscal path.
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
The fairness of our federal tax system is a hotly debated issue. Too often, however, those debates confuse or misrepresent important facts because they focus on one type of tax in isolation rather than the various taxes that people face in aggregate.
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.