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Tax reform

Each year, April 15th is a reminder of the need for tax reform. The U.S. tax code is complex, cumbersome, and costly to American families and businesses.  It doesn’t have to be this way. Take a moment this tax season to review AEI’s research on taxes and learn how the U.S. can embark on policies to correct our fiscal path while encouraging economic growth.

 

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Image Credit: Jay Wescott

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On his gatesnotes blog, Microsoft cofounder and philanthropist Bill Gates offers his thoughts about inequality, particularly concerning economist Thomas Piketty’s “Capital in the Twenty-First Century.”

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Realistic tax reform should be part of any pro-growth agenda. But there should be lots more to a pro-growth agenda than just lowering top rates.

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The great economic lesson of the 1980s supply-side revolution is that taxes matter. But what are the nuances of that lesson, and how should that lesson by applied to the modern American economy?

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Reforming the federal tax code must be among the very top priorities of a new agenda focused on restoring growth and opportunity in the United States.

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I know it sounds creepy to suggest that Uncle Sam ought to bribe women to have more babies. It has the whiff of something that chest-baring ultra-nationalist Vladimir Putin would do. More future patriots from Russian mothers for Mother Russia!a

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It is time for the American government to agree on corporate tax cuts. Seeing as the Japanese government has successfully been able to drive down their tax rates, there is no reason that the US cannot.

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In On the Margin’s sixth annual survey of public opinion on tax issues, Bowman and Marsico discuss attitudes about federal and state tax burdens, return filing, and the priority the public places on tax reform. 

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Tax season is over for all but the greatest procrastinators among us. Two-thirds of taxpayers are celebrating their forthcoming refunds while tens of millions of others have grudgingly written a check to the IRS. 

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