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All income groups pay taxes, but overall the U.S. tax system is progressive.
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.
Admiral Michael G. Mullen began by making a strong connection between our national security and fiscal health, saying that our debt is an issue that requires a “sense of urgency … and we really need fix it very, very quickly” as a fundamental part of ensuring our strength at home and abroad.
U.S. Treasury Secretary Steven T. Mnuchin told Harwood that the president is prioritizing comprehensive tax reform as a key part of boosting growth.
The paper puts real numbers behind different scenarios for a structure for tax reform: eliminating income tax expenditures to enable lower tax rates.
Former Secretary of State Madeleine Albright discusses the connection between fiscal policy and national security with CNN’s Chris Cuomo.
The legislation is fiscally irresponsible and will add significantly to America's national debt.
The top 20 percent of income earners receive over half the value of major tax expenditures.
While there is disagreement on specific remedies, there is broad consensus that our current tax code is broken.