Federal proposals for tax reform

Author(s)

    • Hannaford, Steven G
    • Wallace, Emily

Bibliographic Information

Federal proposals for tax reform

Steven G. Hannaford and Emily Wallace, editors

(America in the 21st century : political and economic issues series)(Economic issues, problems and perspectives series)

Nova Science, c2013

Available at  / 2 libraries

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Description and Table of Contents

Description

The President and leading Members of Congress have stated that fundamental tax reform is a major policy objective for the 112th Congress. Some Members have said that fundamental tax reform is needed in order to raise a large amount of additional revenue, which is necessary to reduce high forecast budget deficits and the sharply rising national debt. Congressional interest has been expressed in both a major overhaul of the U.S. tax system and the feasibility of levying a consumption tax. Some proponents of reform argue that the tax base should be broadened by reducing or eliminating many tax expenditures. An alternative to increasing tax revenues is cutting spending. Thus, Members are faced with considering the best mix of tax increases and spending cuts in order to reduce deficits and slow the growth of the national debt. This book examines major fiscal reform proposals for tax reform with a focus on business tax reform and the extension of the "Bust Tax Cuts".

Table of Contents

  • Preface
  • Tax Reform: An Overview of Proposals in the 112th Congress
  • An Overview of Major Tax Proposals in the President's FY2012 Budget
  • The President's Framework for Business Tax Reform
  • An Overview & Comparison of Senate Proposals to Extend the "Bush Tax Cuts": S.3412 & S.3413
  • Index.

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