Tax Reform

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photoThe White House's two-day Conference on the Economy begins tomorrow. High on the agenda is simplifying the overly-complicated U.S. tax code. President Bush has not yet laid out a plan, but he's not known for taking baby steps.

Bush has already implemented big tax cuts, and some of the proposals on the table include sacking the income tax for a broad-based consumption tax or implementing a flat tax. Any change to the tax code would affect who pays the government's bills and who doesn't.

Tune in for a hard look at President Bush's big push for tax reform and what it means for your household.


William Gale, deputy director and senior fellow of Economic Studies at the Brookings Institution, co-director of the Urban-Brookings Tax Policy Center;

Michael Graetz, professor of law at Yale University, author of the forthcoming book Death by a Thousand Cuts: The Fight Over Taxing Inherited Wealth, as well as Federal Income Taxation: Principles and Policies and Foundations of International Income Taxation.

This program aired on December 14, 2004.


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