Tax Reform for Growth, Equity, and Revenue

32 Pages Posted: 31 May 2019

See all articles by Samuel Brown

Samuel Brown

Brookings Institution

William G. Gale

Brookings Institution

Date Written: November 30, 2012

Abstract

This paper examines the fiscal outlook and tax reform options in the United States. The major conclusions include: the United States faces a substantial fiscal shortfall in the medium and long-term; both spending cuts and tax increases should contribute to the solution; tax increases need not do significant harm to economic growth; and there are sensible ways to both reform tax structure and raise revenues, including tax expenditure reform, the creation of a value added tax, the creation of a carbon tax, or an increase in the gasoline tax.

Keywords: reform, tax structure

JEL Classification: H20

Suggested Citation

Brown, Samuel and Gale, William G., Tax Reform for Growth, Equity, and Revenue (November 30, 2012). Available at SSRN: https://ssrn.com/abstract=3280576 or http://dx.doi.org/10.2139/ssrn.3280576

Samuel Brown

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

William G. Gale (Contact Author)

Brookings Institution ( email )

1775 Massachusetts Avenue, NW
Washington, DC 20036
United States
202-797-6148 (Phone)
202-797-6181 (Fax)

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