Back in 2012, my AEI colleague Alex Brill wrote about the wisdom of combining internet sales taxes with income-tax base broadening. Back then, Congress was considering legislation, the Marketplace Equity Act, that would have permitted states to collect the sales tax they are owed when their residents purchase goods online from out-of-state sellers.
Saturday marks the first birthday of the House GOP’s tax reform blueprint, “A Better Way: Our Vision for a Confident America.” Happy birthday, Tax Plan. To be honest, little man, when you were born you only got modest attention from those outside your immediate family. It was a busy time for the rest of us. We were watching Donald Trump clear the field of his fellow Republican candidates and were speculating about the likely fiscal agenda of Hillary Clinton.
Tax reform is hot this year, and rightly so. Mending an outdated tax system is an important political and policy objective. I am optimistic that Republican lawmakers will be successful, but no matter the scale or scope of this effort, it will not be the last big tax bill. Because tax reform is a perpetual effort, it is not too early to start considering post-tax-reform tax reform ideas.
Alex Brill discussed the Earned Income Tax Credit: “One of the things I note when I think about the federal income tax with respect to low and moderate income workers in the disparity to which the tax code affects different people within that population differently. That’s always true across the income spectrum but it’s particularly true among low and middle income families and households.”
Conservatives generally agree on the need for policies that promote economic growth and improve the efficiency of the economy. When it comes to clean energy and carbon pollution, conservatives must find pro-growth solutions or risk ceding these areas to others. We can’t simply disengage on these issues, or our nation’s prosperity will suffer. Fortunately, there is momentum among voters to pursue conservative ideas for reducing carbon emissions. This book is intended to be a resource in that endeavor.