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What are the merits and risks of other tax-based reforms

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Reference no: EM132872452 , Length: word count: 250

Current debates about ideas to revive the economy generally fall into alignment with either classical or Keynesian economic theory. Some suggest that growing U.S. debt is a strong incentive for tax reform.

Question (1) Should we have a flat tax? Why or why not?

Question (2) What are the merits and risks of other tax-based reforms? Please assess at least one additional reform. Examples include, but are not limited to: a national sales tax, value added taxes (VAT), eliminating a variety of deductions or credits.

Must be at least 250 words

Should have at least two references

Reference no: EM132872452

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