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Tax Reform for Growth, Equity, and Revenue

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  • Brown, Samuel
  • Gale, William G.

Abstract

This paper examines the fiscal outlook and tax reform options in the United States. The major conclusions include: the United States faces a substantial fiscal shortfall in the medium- and long-term; both spending cuts and tax increases should contribute to the solution; tax increases need not do significant harm to economic growth; and there are sensible ways to both reform tax structure and raise revenues, including tax expenditure reform, the creation of a value-added tax, the creation of a carbon tax, or an increase in the gasoline tax.

Suggested Citation

  • Brown, Samuel & Gale, William G., 2012. "Tax Reform for Growth, Equity, and Revenue," MPRA Paper 55056, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55056
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    Cited by:

    1. Max Gillman, 2021. "Income tax evasion: tax elasticity, welfare, and revenue," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(3), pages 533-566, June.
    2. Dumortier, Jerome & Zhang, Fengxiu & Marron, John, 2017. "State and federal fuel taxes: The road ahead for U.S. infrastructure funding," Transport Policy, Elsevier, vol. 53(C), pages 39-49.
    3. Max Gillman, 2020. "Technical Appendix: “Income Tax Evasion: Tax Elasticity, Welfare, and Revenueâ€," Working Papers 1018, University of Missouri-St. Louis, Department of Economics.
    4. Laurence Seidman, 2014. "Book Review: The Death of the Income Tax: A Progressive Consumption Tax and the Path to Fiscal Reform by Daniel Goldberg (Oxford University Press, Oxford, Uk, 2013, 318 Pages)," National Tax Journal, National Tax Association;National Tax Journal, vol. 67(1), pages 269-278, March.
    5. Rong Wang & Juan Moreno-Cruz & Ken Caldeira, 2017. "Will the use of a carbon tax for revenue generation produce an incentive to continue carbon emissions?," Post-Print hal-03226925, HAL.

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    More about this item

    Keywords

    tax reform; fiscal policy; fiscal shortfall;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General

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