California’s fiscal problems go well beyond the design of its tax system, but its tax system has contributed to these problems. The nature of this contribution is subject to dispute. California’s tax system is clearly not the outcome of a coherent design process, but more the result of a...

Alan Auerbach assesses the report of the Presidential Panel on Federal Tax Reform. He finds much good, some bad, and too much missing. Although the reform mission is not yet accomplished he favors Congress pursuing serious tax reform.