Description: A groundbreaking, myth-busting look at tax policy, in which economist Kevin A. Hassett and his co-authors challenge the conventional wisdom that overhauling the system would devastate the economy, drawing on the Tax Reform Act of 1986 and rigorous analysis of consumption taxes, alternative tax systems, and the housing market to show why fundamental reform may prove far less painful, and far more promising, than skeptics fear.
The authors of this volume challenge the common perception that the removal of old distortions from the tax system would seriously hurt segments of the economy.