Tuesday, July 8, 2014
The General Assembly of the Presbyterian Church (USA) has approved (425-170) Tax Justice: A Christian Response to a New Gilded Age, which advocates overhauling the tax code to make it:
- more progressive, taxing those with greater wealth at higher proportions of their income, wealth, and inheritance;
- more transparent, which includes both simplicity and accountability for all tax preferences and tax expenditures;
- more solidarity-focused, which means reducing the use of tax expenditures, shelters and havens, and supporting more adequate international standards to reduce tax competition within and among nations;
- more sustainable for current and future generations, which means avoiding unproductive financial and ecological indebtedness; and
- more adequate, effectively addressing broader objectives of economic and social health than efficiency alone, such as meaningful employment, improved family life, and restored public trust. The tax system must be characterized by both efficiency in tax collection and revenue sufficient for the common good.
For more, see The Layman Online, PCUSA’s Social Witness Policy Now Advocates for Comprehensive Progressive Tax Reform.
(Hat Tip: Pat Oglesby.)