|March 13, 1996||
Press Contact: Sabrina Miller|
University of Chicago Experts Evaluate Forbes Tax Plan
Faculty experts at the University of Chicago are available to comment today during Presidential Candidate Steve Forbes visit to the city.
Peoples first concern is the immediate bottom line: Will this change mean I will pay more or less taxes next year? It will be hard to tell just by listening to campaign speak. Isenberg says. On the campaign trail, Flat is a proxy for simple but also low, Isenbergh says. Thats a complete myth. A flat tax, he says, need not be low, or flat. It could even increase revenue.
Sah says a flat tax is efficient, meaning it doesnt influence economic behavior, and it answers a traditional desire among Americans for ever-simpler government. But its impossible to eliminate every tax loophole, especially in a complex age, and in fact, if you add up all the taxes we paysales tax, social security, income tax, property taxwere already more or less flat across income levels.
Last modified at 03:50 PM CST on Wednesday, June 14, 2000.
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