Taxing times: America's Congress should abandon immediate plans for tax cuts in favour of longer-term tax reform
Article Abstract:
Many of the 'Contract's' proposals, such as a middle class tax cut, capital gains tax cuts, and accelerated capital depreciation, are bad economics. The reform simplification model of the 1986 Tax Reform Act should be heeded, so that future reform, like a flat tax or consumption taxes, can be paid for.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1995
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The mistaken temptation of tax cuts
Article Abstract:
Pres Clinton plans to propose several tax cuts when his new budget is submitted to Congress on Feb 6, 1997. They include tax credits for children and college tuition and expansion of IRAs. Most of the tax cuts favor the middle class or rich and do little to spur economic growth or savings.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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The Steve Forbes drum-beat
Article Abstract:
Former presidential candidate Steve Forbes proposed the idea of a flat tax during the 1996 campaign. The idea has gained in popularity as tax reform has become a leading political issue, but is not likely to be adopted by the current Congress as other ideas are proposed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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