The Right Coast

Editor: Thomas A. Smith
University of San Diego
School of Law

A Member of the Law Professor Blogs Network

Friday, December 7, 2012

The Death of Tax Reform | RealClearPolitics

The story behind the story is that "tax reform," as we know it, is dying. During the 1980s, no major piece of legislation better symbolized bipartisan consensus than the Tax Reform Act of 1986, which was regarded by both liberal and conservative experts as the best tax law since World War II. The basic idea was simple: Reduce tax rates and recover lost revenue by ending (or limiting) tax breaks. The struggle between President Obama and House Speaker John Boehner over the "fiscal cliff" indicates that this beneficial consensus has collapsed.

via www.realclearpolitics.com

Traditional tax reform was about depoliticizing the tax code. We're moving in the opposite direction. --ts

http://rightcoast.typepad.com/rightcoast/2012/12/the-death-of-tax-reform-realclearpolitics.html

| Permalink

Comments