Tax Reform for Growth, Equity, and Revenue
32 Pages Posted: 31 May 2019
Date Written: November 30, 2012
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: Suggested Citation