Tax Reform: Prospects and Possibilities

Testimony

Tax Reform: Prospects and Possibilities

Statement before the Committee on the Budget United States House of Representatives
October 6, 2004

Abstract

The gains in efficiency, equity, and simplicity from systematic tax reform could be substantial. However, to achieve those gains requires attention to many details. Tax reform efforts have failed often, but they have also succeeded, especially when rising problems created the opportunity and demand for reform, and tough issues were tackled in a spirit of bipartisan cooperation.

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