What a Difference Thirty Years Make: A Comparison of the Tax Reforms of 1986, 2014 and 2017
5 Pages Posted: 21 Nov 2017 Last revised: 2 Jul 2020
Date Written: November 18, 2017
This paper compares the Tax Cuts and Jobs Act of 2017, as passed by the House (TRA17H) and under consideration by the Senate (TRA17S) with two major previous efforts at comprehensive tax reform: The Tax Reform Act of 1986 (TRA86) and the draft tax reform proposed by former Ways and Means Chair David Camp (R-MI) (TRA14). It shows that TRA14 was quite similar to TRA86, but that TRA17 is very different than both. Congress should abandon TRA17 and go back to considering TRA14 on a bipartisan basis.
Keywords: Tax Reform
JEL Classification: H26
Suggested Citation: Suggested Citation