Question

Why do some Economists believe tax reform is needed in the United States?

Answer 1

The Tax Reform Act of 1986 (TRA) was passed by the 99th United States Congress and signed into law by President Ronald Reagan on October 22, 1986.

Step-by-step explanation:

1. Taxes can be used to stabilize the economy.
2. The implementation of taxes can promote social equity; for example the use of progressive income taxes.
3. There are many types of taxes that can be legislated to derive revenue for government operations.