Tax Reform for Growth, Equity, and Revenue

William Gale and Samuel Brown

Public Finance Review, 2013, vol. 41, issue 6, 721-754

Abstract: This article examines the fiscal outlook and tax reform options in the United States. The major conclusions include the following: 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 the redesign of tax expenditures, the creation of a value-added tax or a carbon tax, or an increase in the gasoline tax.

Keywords: fiscal outlook; tax reform; tax expenditures; value-added tax; carbon tax (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (8)

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Working Paper: Tax Reform for Growth, Equity, and Revenue (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:41:y:2013:i:6:p:721-754

DOI: 10.1177/1091142113493655

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