Broaden the Base — A Tax Reform Visualizer

Alex Brill and Matt Jensen | AEIdeas

To broaden the tax base, lawmakers will need to do more than close obscure tax loopholes. They will need to limit itemized deductions. These tax breaks costabout $176 billion in 2016 or enough to finance a nearly 13% tax cut for every individual income tax bracket. And they add significant complexity to the tax code.

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