A User's Guide to Proposals to Replace the U.S. Tax System and Strangle Fiscal Policy

Buchanan, Neil H.

Abstract

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A User's Guide to Proposals to Replace the U.S. Tax System and Strangle Fiscal Policy

Neil H. Buchanan

George Washington University Law School

Journal of Economic Issues, Vol. 33, No. 3, pp. 505-23, September 1999
Levy Economics Institute Working Paper No. 173

Abstract:
This article reviews several familiar plans to alter the structure of taxation, including the flat tax, a VAT, and the USA Tax. With the significant exception of a simplified income tax system, every plan to replace the current U.S. federal tax system would move us in precisely the wrong direction. These plans would abandon income taxation entirely in an attempt to solve problems that do not exist, and they are based on a flawed ideal of a neutral tax code. The companion to these plans is an even more misguided set of proposals (some in the form of constitutional amendments) that could severely limit future fiscal policy.

Number of Pages in PDF File: 19

JEL Classification: H20, H21

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Date posted: April 3, 2006

Suggested Citation

Buchanan, Neil H., A User's Guide to Proposals to Replace the U.S. Tax System and Strangle Fiscal Policy. Journal of Economic Issues, Vol. 33, No. 3, pp. 505-23, September 1999; Levy Economics Institute Working Paper No. 173. Available at SSRN: http://ssrn.com/abstract=4820

Contact Information

Neil H. Buchanan (Contact Author)

George Washington University Law School ( email )

2000 H Street, N.W.
Washington, DC 20052
United States
202-994-3875 (Phone)