January 1, 1985

Expenditure Control: The True Road to Tax Reform

Download Special Report January 1985

Special Report January 1985

Executive Summary This morning, I can sympathize with Daniel when he was in the lion’s den. Here I am at the annual meeting of the Tax Foundation and my task is to urge one and all to shift attention away from tax reform. Nevertheless, I do believe that the rush to enact yet another major change in the Federal tax system—the fourth in five years—is misguided; the cart is before the horse.

The horse, of course, is the sticky issue that refuses to go away: how to reduce the awesome gap between the Federal government’s income and its outgo. Unfortunately, most advocates of tax reform run out of time or rather, steam, before they get around to tackling this tough question.

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