The Wyden-Gregg Bipartisan Tax Reform Bill: Why Congress Sho

There are few people who can navigate the maze of the U.S. tax code, while an ever-shrinking number of Americans are paying ever-higher taxes to carry more and more of their fellow citizens who pay no income taxes at all. The unmanageability and increasing imbalance of the U.S. tax code is the near-continuous subject of calls for reform. Some reforms have had good effects, as was the case in 1986; other efforts at reform go nowhere. A new bipartisan tax reform bill introduced by Senators Ron Wyden and Judd Gregg has what it takes to go somewhere. This paper explains why Congress should give Wyden-Gregg a close look.

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