WASHINGTON (Nov. 28, 2012) — While Congress continues to debate the contours of a deal to avoid enormous tax increases and spending cuts set to take effect at the end of 2012, a commitment to long-term tax reform should, first and foremost, include looking to abolish completely those taxes that are most destructive of growth and productivity, R Street Senior Fellow Andrew Moylan argues in a new policy study.

Moylan’s A Tax Hit List for the 113th Congress singles out three particularly counter-productive taxes that combine to raise about $287 billion in federal revenue –- roughly 11.7 percent of 2012 revenue projections –- but do untold damage to the U.S. economy in the process. The hit list consists of:

“Rather than just nibbling around the edges of a fundamentally flawed system, wholesale eliminations of these damaging taxes would constitute a revolutionary reform by American tax policy standards,” Moylan writes. “Corporate and import tax rates of zero would make the United States a premier destination for business investment and a death tax of zero would encourage savings and thrift over legal tax avoidance and consumption.”

For a copy of the full paper, visit:


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