Relevant:
- Deficit Reduction: Are Higher Taxes and Reduced Military Spending Coming? Can the "Gang of Six" Accomplish Anything?
- Let Freedom Wane: The Fed's Role as Regulator and Obama's Failure to Reform
- China backs growth over reform at annual congress
- California Treasurer Spanks Legislature Over Pension Reform And Reckless Spending
- Geithner Q&A:Housing Reform To Come After Housing Mkt Repaired
2017-11-13 — bloomberg.com
[Glenn Hubbard:] "We don't seem as a society to be willing to bring down spending as much as I would like to, and the corporate and personal income tax can't be raised enough to cover the difference. If we're going to have a higher level of government spending, you have to pay for it, and the most effective way to pay for it is through a tax on consumption, such as a value-added tax."
And what about the current tax reform? Oh, it's "still worth doing," he said, but the U.S. can't go on like this. "You can think of this as the last reform effort in this system." The end of the cut-reform-increase-repeat era is coming.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
