Simple, Fair, and Pro-Growth: Proposals to Fix America’s Tax System, Report of the President’s Advisory Panel on Federal Tax Reform, November 2005 Q.Simple, Fair, and Pro-Growth: Proposals to Fix America’s Tax System, Report of the President’s Advisory Panel on Federal Tax Reform, November 2005 A.The President’s Advisory Panel on Federal Tax Reform recommended two simpler and fairer alternatives to the US income tax system, but both come with some big catches. Read more about Simple, Fair, and Pro-Growth: Proposals to Fix America’s Tax System, Report of the President’s Advisory Panel on Federal Tax Reform, November 2005
What is the X-Tax? Q.What is the X-Tax? A.The X-tax is a variant of the flat tax developed by economist David Bradford. It is mechanically identical to the flat tax, except that it incorporates graduated tax rates on household wage income to improve progressivity. Read more about What is the X-Tax?
Debt Reduction Task Force, “Restoring America’s Future,” Bipartisan Policy Center, November 2010 Q.Debt Reduction Task Force, “Restoring America’s Future,” Bipartisan Policy Center, November 2010 A.The task force proposed changes to the tax system, federal spending, health care spending, and Social Security to improve America’s fiscal condition. Read more about Debt Reduction Task Force, “Restoring America’s Future,” Bipartisan Policy Center, November 2010