New York Times (May 4)
2011/ 05/ 07 by jd in Global News
Harvard Professor Martin Feldstein writes that raising the income tax rate is unnecessary. Limiting tax deductions, allowances and other credits is, however, essential. Feldstein proposed capping these at 2% of each tax payer’s adjusted gross income. This alone, “would raise tax revenue by $278 billion — nearly 30 percent of total projected income tax revenue for this year.”
Tags: Deductions, Rate, Revenue, Tax, U.S.
