McCain on Tax Reform
David Leonhardt writes about John McCain's economics, including an excellent idea:
He also said that he would consider resuscitating the work of a bipartisan tax-reform commission, appointed by Mr. Bush, whose 2005 report on simplifying the tax code was largely ignored by the administration. Using the process that has been used to close military bases, Mr. McCain said he would ask Congress to vote yes or no on an entire tax-simplification program.
Here is the commission's report.
If you had an up-or-down vote on either of the two reform plans described in the report compared to the status quo, the proposed reform would, I predict, get the votes of more than 90 percent of economists. I have no idea how it would do in Congress.
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