Tax-reform Goals: Fairness, Adequacy, and Simplicity
The financial security of millions of hardworking families depends greatly upon a series of important federal tax and budget policy decisions to be made in the coming months.
Yet increasing calls for “tax reform” represent a potentially even bigger, longer-range backdrop of policy choices that could affect households for many years. NCTC aims to help shape any reform measures so they protect and strengthen the well-being of low- and moderate-income families, rather than add to their struggles.
“Fairness, adequacy & simplicity: A principled approach to tax reform” lays-out three fundamental goals for any tax-policy efforts Congress might undertake in the coming months, or even beyond. These recommendations aim to ensure any tax-reform moves:
- Improve fairness for families, particularly low- and moderate-income households
- Raise revenues that are adequate to support and protect our nation’s top priorities
- Simplify our overcomplicated tax system
NCTC will be delivering these principles to Congress to show broad support for bolstering the financial well-being of working families, their communities and our entire nation.
We urge your organization to join this effort by signing-on in support of these principles and the goals they represent for Americans who have the most at stake in federal tax-policy decisions.
An entire generation has passed since our nation’s last major tax-reform effort, which had long-lasting effects on households at all earnings levels. But time has not been kind to families on the lowest rungs of the ladder, particularly during the latest economic downturn.
With strong policy principles as a guide, we can help to stop those families from slipping even further, and turn back toward greater stability.
By Sean Noble, Director of Public Policy & Research