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 TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. 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.Share