One Path to Resuming Economic Growth.

Ed Dolan argues that tax reform could have dual benefits--deficit reduction and laying a sounder base for future economic growth. The US tax code has to be one of the biggest impediments to a stable growth path. Rationalizing the code by reducing or eliminating the patchwork of deductions would allow lower marginal rates and still yield the income necessary to fund the federal budget. If we want to introduce certainty and simplicity into the government's finances, this is the place to start.