The Benefits and Limitations of Income Tax Reform

http://www.aei.org/outlook/economics/fiscal-policy/taxes/the-benefits-and-limitations-of-income-tax-reform/

“A number of recent proposals have called for broadening the individual income tax base while lowering statutory income tax rates. Such proposals would eliminate or curtail various preferential income tax provisions and use some or all of the resulting revenue to lower statutory tax rates. In this Outlook, we analyze the economic effects of this approach to tax reform.”