Reforming taxes and raising revenue: Part of the fiscal solution

William G. Gale; Benjamin H. Harris

doi:10.1093/oxrep/grr026

Reforming taxes and raising revenue: Part of the fiscal solution

William G. Gale^*, Benjamin H. Harris

^*Corresponding author for this work

Research output: Contribution to journal › Review article › peer-review

3 Scopus citations

Abstract

This paper reviews the fiscal outlook in the United States, discusses why revenue increases are a critical aspect of any enduring fiscal solution, and outlines constructive policies to reform the tax system and simultaneously raise revenues. In particular, this paper highlights the merits of curtailing income tax expenditures, introducing a value-added tax, and imposing levies on consumption and production of non-renewable energy.

Original language	English (US)
Pages (from-to)	563-588
Number of pages	26
Journal	Oxford Review of Economic Policy
Volume	27
Issue number	4
DOIs	https://doi.org/10.1093/oxrep/grr026
State	Published - Dec 2011
Externally published	Yes

Keywords

Budget outlook
Carbon tax
Energy tax
Fiscal policy
Tax expenditures
Tax reform
Value-added tax

ASJC Scopus subject areas

Economics and Econometrics
Management, Monitoring, Policy and Law

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1093/oxrep/grr026

Cite this

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abstract = "This paper reviews the fiscal outlook in the United States, discusses why revenue increases are a critical aspect of any enduring fiscal solution, and outlines constructive policies to reform the tax system and simultaneously raise revenues. In particular, this paper highlights the merits of curtailing income tax expenditures, introducing a value-added tax, and imposing levies on consumption and production of non-renewable energy.",

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AB - This paper reviews the fiscal outlook in the United States, discusses why revenue increases are a critical aspect of any enduring fiscal solution, and outlines constructive policies to reform the tax system and simultaneously raise revenues. In particular, this paper highlights the merits of curtailing income tax expenditures, introducing a value-added tax, and imposing levies on consumption and production of non-renewable energy.

KW - Budget outlook

KW - Carbon tax

KW - Energy tax

KW - Fiscal policy

KW - Tax expenditures

KW - Tax reform

KW - Value-added tax

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Reforming taxes and raising revenue: Part of the fiscal solution

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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