
The Tax Reform Tradeoff: Eliminating Tax Expenditures, Reducing Rates
The paper puts real numbers behind different scenarios for a structure for tax reform: eliminating income tax expenditures to enable lower tax rates.
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The paper puts real numbers behind different scenarios for a structure for tax reform: eliminating income tax expenditures to enable lower tax rates.
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
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.
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.