A Guide to Tax Reform in the 115th Congress

America needs tax reform. Correctly structured tax reform can make a large contribution to restoring prosperity, increasing job creation, and higher wages. It can make the tax system fairer and less burdensome. Both congressional leaders and President Trump have identified tax reform as a priority, and there is clear public support for major tax reform. Tax reform, however, is a complicated issue that encompasses a wide variety of sub-issues with which Congress will need to contend and properly resolve if tax reform legislation is to achieve its proponents' objectives.This paper examines the principles of sound tax reform, its economic effects and discusses the many design issues that Congress and the administration will have to address