Less government meddling. True tax reform would end the practice of the government picking winners and losers in the market, and seeking to reward or punish families that make certain economic decisions. There would be no more push, for example, to buy certain products deemed environmentally friendly, or to choose child care outside the home. Each family could make its own decision about what’s right for it, not the government.
A system that’s fairer. Tax reform that reduces the number of deductions and credits, and that makes the code more transparent and understandable to all Americans, can’t help but make the system fairer.
Less chance of IRS abuse. Few government agencies are more vilified than the Internal Revenue Service. Most of the people who work at the IRS, however, are hard-working professionals tainted by the misdeeds of a few specific officials. Tax reform can help them. There will always be a need for a tax-collecting agency, but if the job of determining taxpayers’ taxable income and whether they paid the proper amount was simplified, the agency wouldn’t have to be so big. There also would be fewer errors and less potential for abuse.
As businessman Robert Half once said, “People try to live within their income so they can afford to pay taxes to a government that can't live within its income.” It doesn’t have to be that way. With the right kind of tax reform, we can help the American people -- and give our economy the right kind of stimulus.