Comments for: Sensible steps on tax reform

Posted July 02, 2013, at 11:16 a.m.

In 1986, Congress overhauled the federal tax code, purging it of various exemptions, deductions and credits and using the savings to reduce marginal rates on both individuals and firms. It was a major victory for governmental simplicity, fairness and efficiency — which Congresses and presidents of both parties then proceeded …

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