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Clearly current tax law is too detrimental to the health of our economy. For more than 10 years, NTU has tracked this problem through our study, A Taxing Trend.
Our Tax Code should stress several principles, including simplicity, neutrality toward types of economic activities, sustainability in support of basic government functions, and transparency to the citizens who will pay the levies.
Here are several recent NTU testimonies and commentaries on tax reform that better outline our position:
1, 2, 3, 4 and 5.
NTU advocates for either a flat-rate income tax system or the so-called “Fair Tax” retail consumption tax, although a great deal of progress toward simplifying the system could be made in other ways. For example, in 2010, Senators Ron Wyden (D-OR) and Judd Gregg (retired, R-NH) proposed a fundamental restructuring of the Tax Code that would help to enhance the nation’s economic competitiveness while reaching goals that both the political right and the political left profess. NTU supported several elements of this plan. Even before then, NTU joined in an effort to outline the basics of tax reform that could serve as the foundation for a bipartisan effort, see 1 and 2.
Vice President of the National Taxpayers Union, Pete Sepp
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