Dubay does not agree with Harris on precisely what reforms should be implemented, but he does agree that “commissions” won’t lead anywhere.
“I think that it will not be a commission that incentivizes tax reform. I think it will be problem with taxes that incentives tax reform,” said Harris. "I think we’ll eventually see the problem with high deficits… and that will incentivize tax reform.”
Both experts agree that it should be a priority, however, with Harris claiming that an overly-complicated tax code results in “an overall lower standard of living for all Americans.”
“It’s a huge drag on the economy because of the inefficiencies it promotes,” said Dubay. These inefficiencies “hollow out the tax base, and make the tax rates higher than they actually have to be.”
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