Sunday, April 30, 2006
Laurence J. Kotlikoff (Boston University, Department of Economics) has published Grading the President’s Tax Reform Panel’s Plan, The Economists' Voice: Vol. 3: No. 6, Article 3 (2006). Here is the abstract:
Laurence Kotlikoff gives the current tax system a D, the President’s Tax Reform Panel proposal a B+ and explains what his A+ tax system would look like.
Here is the article's concluding paragraph:
The U.S. tax system needs radical surgery. The FairTax is radical. But it’s also transparent, efficient, and progressive. It’s adoption would reduce economic distortions, enhance generational equity, and set a global expenditure budget. It would also position the country to best handle its enormous long-term entitlement obligations. The sooner we adopt the FairTax the better.