Reforming taxes and raising revenue: part of the fiscal solution
审视美国财政前景，论证增税是持久财政方案的关键，并提出削减所得税支出、引入增值税及对不可再生能源征税等建设性政策。
This paper reviews the fiscal outlook in the United States, discusses why revenue increases are a critical aspect of any enduring fiscal solution, and outlines constructive policies to reform the tax system and simultaneously raise revenues. In particular, this paper highlights the merits of curtailing income tax expenditures, introducing a value-added tax, and imposing levies on consumption and production of non-renewable energy.