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The perils of tax reform: frankly, tiny and timid is better than big and bold.(Public Policy)
WHEN President Bush said that he would appoint a commission to report on tax reform in the spring, conservative hopes for a fundamental overhaul rose. Could this finally be the moment for a flat tax or a national sales tax? The answer appears to be no. Early reports suggest that the commission will look at substantial tax-policy changes, but will not scrap the code and start over.
Conservatives should be relieved, not upset. Anyone who has filed a tax return knows that there are good reasons for reform. But there are also abundant reasons for caution. Conservative enthusiasts for reform have underestimated the political risks involved. The Bush administration has ...
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Source: HighBeam Research, The perils of tax reform: frankly, tiny and timid is better than big...