Volume 34, Number 2 · February 12, 1987
The Bad New Tax Law
By Henning Gutmann
The US Tax Reform Act of 1986 has been praised by the leaders of both parties, from the intellectual 'founder' of the idea, the moderate Democratic senator Bill Bradley, to Ronald Reagan, the most conservative president in recent memory, who made it the chief domestic policy goal for his second term. Proponents of the bill said it would make the tax code both fairer and simpler, by lowering tax rates for the common man and curtailing a wide variety of special deductions, credits, and loopholes that the rich had used to avoid paying their fair share of tax.
Feature, 3175 words
To read the full text of this piece, please choose one of the following options:
|
If you are already a subscriber to the Review's electronic edition, please sign in: |
To subscribe to the electronic edition, please press the button below. |
To purchase access to this article for $3, please press the button below. |