Reforming The Tax Code

Published: August 15, 2017

The primary goal of America’s tax code should be to raise the revenue to finance the necessary functions of government in the least distortionary manner possible. Tax systems with broad bases and low tax rates are the most effective foundation for an efficient, growing economy. While consumption taxes are efficient, all forms of taxation should be considered as long as they are revenue-neutral and accompanied by rigorous, enforceable spending controls.

Discussion Questions

1. What can the government do to keep taxes as low as possible?
2. What’s wrong with having a high corporate tax rate in OECD?

Additional Resources

• To learn more about the tax reform, read Blueprint for America Chapter 3: A Blueprint for Tax Reform by Michael J. Boskin
• You can find the rest of Blueprint for America here.
• For more on marginal tax rates from Michael Boskin, click here.