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A Better Way for Tax Reform
Tax reform and simplification has been a key goal for me for some time. There are a number of different approaches that have been suggested. The tax reform proposal in "A Better Way" would simplify both individual and business taxes with the goal of encouraging economic growth. There would be only three tax rates. The plan would raise about the same amount of total revenue as the current code.
Here is what an individual’s tax form would look like: