Hammond, M. Jeff; DeCanio, Stephen J.; Duxbury, Peggy; Sanstad, Alan H.; Stinson, Christopher H.
Abstract
There are many rationales for a revenue-neutral tax shift: Civic rationales, a resource based tax shift that would embody the concept of “paying for what you take, not for what you make;” Economic rationales, the promotion of job creation, new incentives for R&D, stronger growth, and greater stability; Environmental rationales, more protection with less regulation; and Tax reform rationales, a simpler, more efficient tax system. Aside from the rationales for a revenue-neutral tax shift, the article also talks about the benefits of such a venture in terms of restoring legitimacy to public finance.
