Current debates about ideas to revive the economy generally
fall into alignment with either classical or Keynesian economic theory. Some
suggest that growing U.S. debt is a strong incentive for tax reform.
(1) Should we have a flat tax? Why or why not?
(2) What are the merits and risks of other tax-based
reforms? Please assess at least one
additional reform. Examples include, but
are not limited to: a national sales tax, value added taxes (VAT), eliminating
a variety of deductions or credits.
250 words with references