One of the most significant things that Reagan presided over was the 1986 tax reform. Since then, the tax code has been gathering change after random change that leads to confusion, bad policy, hidden spending, and has become something only a high-priced tax attorney can figure out.
I’ve recently been learning a lot about how the tax system works and what needs to be changed by reading a book by one of the chief architects of the 1986 tax reform. He doesn’t use arcane language and not only explains what’s wrong but how to fix it. This guy should be in charge of tax reform no matter who the president it.
The book is called The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take, and I highly recommend it. Last I looked it was #38 on the Amazon list, so it’s not just economists who are buying it. 😉
I have no financial interest in this book, in case anyone thinks that’s why I’m recommending it.