Tax Reform: The Key to a Growing Economy and Higher Living Standards for All Americans

Scott Hodge, president of the Tax Foundation testified before the U.S. House of Representatives Committee on the Budget about comprehensive tax reform. He believes an equitable tax system should be simple, free of most credits or deductions, should apply a single flat rate, and have dramatically lower rates than we have today. Such a tax code would be conducive to long-term economic growth, which is one of the keys to fixing the long-term fiscal crisis facing the country.

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