Cutting Tax Breaks to Pay for Lower Rates Isn’t Easy
July 11, 2012 at 08:42 AM EDT
Broader base, lower rates. That’s the bumper sticker for most tax reform proposals. To varying degrees, everyone from President Obama to Governor Romney to Bowles-Simpson has embraced it. Whatever your revenue goal, you can get there with lower tax rates if you are willing to slash tax breaks and thus broaden the tax base. But cutting [...]