A Tax Reform Proposal That Might Work: Bring on the VAT

Forbes, A Tax Reform Proposal That Might Work: Bring on the VAT, by Howard Gleckman:

A well-designed Value-Added Tax could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding to the budget deficit. And it could be a key piece of a revenue system that is both progressive and less intrusive in economic decisions than today’s law.

That’s the conclusion of a new study by my Tax Policy Center colleagues Eric Toder, Jim Nunns, and Joe Rosenberg.

(Hat Tip: Michael Graetz.)