Greenspan Pushes for Some Tax Reform

McConnell, Alison L.
March 2005
Bond Buyer;3/4/2005, Vol. 351 Issue 32083, p2
Trade Publication
The article reports that the U.S. Federal Reserve Board chairman Alan Greenspan steered clear of explicit recommendations for tax reform in testimony yesterday. The tax code has drifted back to be overly complicated and burdened by higher marginal rates and by many special provisions that have undesirably narrowed the tax base, he said. Greenspan noted that circumstances are different these days as compared to those prompting the 1986 decision to enhance the comprehensiveness of the income tax system.


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