Real Tax Reform

Can you describe what for you would be the ideal approach to taxation? My working hypothesis is this: The ideal approach to taxation eliminates all exemptions and deductions, sets rates as low as possible, requires everyone to pay at least something, requires wealthier individuals to bear a larger share of the burden, and makes participating in the system procedurally painless.

The GOP approach to tax reform is hardly reform at all. Its overriding objective is to lower the taxes of its donor class. We won’t get genuine movement of our system of taxation toward my ideal until we kick out the current Congressional leadership, replacing it with pragmatists willing to work across the aisle and pay attention to nonpartisan experts.

See generally TR Reid, A Fine Mess (2017).