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U.S. Treasury Secretary Steven T. Mnuchin told Harwood that the president is prioritizing comprehensive tax reform as a key part of boosting growth.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2017-fiscal-summit/steven-mnuchin
Lawmakers should pursue policies that don’t make our fiscal outlook even worse.
https://www.pgpf.org/blog/2017/10/tax-cuts-then-and-now-the-debt-is-much-higher
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.
Even in a highly polarized political landscape, there is broad congressional support for reforming the U.S. tax code.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2017-fiscal-summit/the-tax-reform-opportunity
Atul Gawande joined Michael Peterson on stage for an impromptu one-on-one conver- sation about how healthcare delivery reform can help reduce costs and improve quality of care.
Washington is debating tax reform. There’s talk of substantial tax cuts that would give trillions of dollars back to American taxpayers. That might sound great to some. But if Congress doesn’t find a way to pay for those tax cuts, future generations will be stuck with the bill.
"Passing a bill to our kids is not the right way to pass a bill. This legislation is an example of fiscal irresponsibility," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/11/peterson-foundation-statement-on-house-tax-bill
The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.
"Like the House bill, the Senate proposal includes reforms that are neither permanent nor paid for, both of which impede the objective of growing the economy," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/11/peterson-foundation-statement-on-senate-tax-bill
The statutory tax rate is the percentage imposed by law; the effective tax rate is the percentage of income actually paid by an individual or a company after taking into account tax breaks.
