Bruce Ackerman / Let's take the time to revolutionize tax structure in U.S. - Press of Atlantic City: Commentary

Bruce Ackerman / Let's take the time to revolutionize tax structure in U.S.

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Posted: Wednesday, November 28, 2012 12:01 am

For all the brave talk of a fiscal "grand bargain," President Barack Obama and House Speaker John A. Boehner are playing small ball on a narrow field designed by the Simpson-Bowles commission. In framing the case for reform, the commission took the basic tax system as a given. In contrast, a final deal should recognize that the country is taxing the wrong things. We should be shifting from taxes on corporations to taxes on pollution and wealth, from taxes on income to taxes on consumption. These changes would increase revenue and promote a more just and efficient economy.

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