Tax Reform for Growth, Equity, and Revenue

Brown, Samuel and Gale, William G. (2012): Tax Reform for Growth, Equity, and Revenue. Published in: Public Finance Review , Vol. 41, No. 6 (November 2013): pp. 721-754.

Abstract

This paper examines the fiscal outlook and tax reform options in the United States. The major conclusions include: the United States faces a substantial fiscal shortfall in the medium- and long-term; both spending cuts and tax increases should contribute to the solution; tax increases need not do significant harm to economic growth; and there are sensible ways to both reform tax structure and raise revenues, including tax expenditure reform, the creation of a value-added tax, the creation of a carbon tax, or an increase in the gasoline tax.

• Item Type: MPRA Paper
• Language: English
• Keywords: tax reform, fiscal policy, fiscal shortfall
• Subjects: H - Public Economics > H2 - Taxation, Subsidies, and Revenue > H20 - General

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