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

User Shekhar G H
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1 Answer

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8 votes

Answer:

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.
User Slaggg
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