101 Reasons to Reform the Tax Code
A lighthearted yet serious look at the many ways our tax system has grown increasingly burdensome, obsolete and detrimental to sustainable job creation. More
Five years have passed since the great recession of 2007 – 2008. During that time, the Federal debt has grown from $9.5 trillion to almost $17 trillion, GDP growth has averaged 2% per year or less and we still have 3 million fewer people employed than before the recession began. Each passing year adds another trillion dollars in debt that needs to be serviced and more discouraged workers dropping out of the labor force. If these trends aren't reversed soon, then Americans are going to start accepting them as the new normal as some people may already have.
The Federal Reserve has done all that it can to put our nation back on a sustainable course of growth and prosperity: Zero effective real interest rates and four rounds of quantitative easing, yet still no meaningful recovery in job growth. They've got nothing left in their arsenal and they know it, but Congress apparently doesn't. The Fed has done their part. Congress has done nothing but bicker for the past five years. It’s tax reform, stupid! Do something constructive for a change!
101 Reasons to Reform the Tax Code is a lighthearted yet serious look at the many ways the Internal Revenue Code has morphed from a revenue-raising tool into a political tool that has become burdensome, obsolete and one of the largest obstacles to sustainable job creation facing our country today.