Only a simplified, pro-growth tax code, coupled with SocialSecurity and Medicare systems that allow citizens to fund their ownretirement and health care, can solve the true budget crisis thatthe U.S. government faces. Attaching fundamental tax reform toimpending budget deficits and failing to fix these entitlementprograms would nullify the long-run benefits of tax reform.
“Fiscal cliff.” “Taxmageddon.” It’s looming over America’s economy and its taxpayers. Slated to arrive on Jan. 1, the nearly $500 billion tax hike is so massive that it has brought about what many regarded as impossible: consensus.