PolicyArchive.org | About | All Collections
PolicyArchive is a comprehensive digital library of public policy research containing over 30,000 documents.
Publication Date: May 2008
Publisher: Tax Policy Center
Author(s): Leonard E. Burman
Research Area:
Keywords: Elderly; Health Insurance; Tax Policy; Tax Distribution and Economic Trends
Type: Report
Abstract:
In this testimony Burman outlines a plan for tax reform that would maintain progressivity, raise enough revenues to finance the government, and dovetail with plans to provide universal access to health insurance. It would combine a value-added tax (VAT) dedicated to pay for a new universal health insurance voucher with a vastly simplified and much flatter income tax. With a new financing source for health care, income tax rates could be cut sharply-the top rates could be cut to 25 percent or less. The health care voucher would also offset the inherent regressivity of a VAT. And, under the simplified system, most Americans would not have to file income tax returns.