Director of Federal Tax Policy
As this series has explained, our unsustainable budget deficits should remain in the forefront of tax policy discussions. Given the need for more revenue, it is fortunate that taxes are low both historically and compared to other countries.
So the next question is: Where should we look first for more revenue?
Trends over recent decades in both income inequality and tax policy strongly suggest that we should start at the top of the income scale. Here’s why: