Wednesday, January 19, 2005
The President has called for tax reform to make the tax system simpler, fairer, and more conducive to economic growth, without increasing (or decreasing) the deficit. This Tax Policy Center forum will discuss the issues that the new tax reform commission will have to grapple with in setting forth proposals that could advance these objectives. Why is the tax code such a mess, and what can be done to fix it? Can the income tax be saved, or should it be scrapped in favor of a tax on consumption? Can the income tax be redesigned so that most taxpayers do not have to file tax returns? What are the implications for tax reform of the proliferation of social programs in the tax code? Is revenue-neutral tax reform politically feasible or desirable?
Moderator: Julie Kosterlitz (National Journal)
Tax Analysts reports that agreed that the panelists agreed that "pending tax reform efforts would likely yield incremental and not full-blown overhaul of the income tax system."