Most Americans agree that the U.S. tax system is in need of a major overhaul. It has been three decades since Congress passed a major reform plan, but many policymakers have set their sights on 2017 as an opportunity to enact comprehensive tax reform again.
However, tax reform is complicated. It entails many trade-offs and moving parts, and coming up with an economically sound plan that is also bipartisan is easier said than done.
That’s why we’ve assembled Options for Reforming America’s Tax Code, a collection of nearly 100 commonly proposed tax changes that outlines the economic effects of each option. This tool will give lawmakers invaluable insight into how each individual tax change would impact federal revenue, jobs, tax burdens, and economic growth
Tax reform is a once-in-a-generation opportunity. We hope that this book helps policymakers get it right.