The U.S. tax system is highly progressive. But if policymakers continue to double down on this progressivity while ignoring our nation’s debt, it could come at a cost to the American economy.
by ALAN VIARD “In recent days, the looming fiscal cliff has catapulted income tax base-broadening to the forefront of the tax policy debate. Fortunately, this is an area where Republicans and Democrats should be able to work together.”