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Easier to Replace the Tax Code than Reform It

"Here's What Genuine Tax Reform Looks Like" is an excellent opinion column in The Wall Street Journal, December 23, 2015, written by John R. Cochrane, Senior Fellow, Stanford University Hoover Institution.

Below is Dan Dyer's Letter to the Editor in response to the article.

Easier to Replace the Tax Code than Reform It

To answer the question, “Why is tax reform paralyzed?”, John H. Cochrane proposes (Opinion, Dec. 23) that we “first reform the structure of the tax code” and “separately debate rates and the consequent overall revenue and progressivity.” Even after “separating the issues” he says, “Negotiating such an agreement will be hard”. That’s an understatement. His approach would deliver the mother lode to the lobbyists. A more direct and easier negotiation would be to replace rather than reform the present broken system. The 131-page Fair Tax Act (H.R. 25) with 73 co-sponsors achieves all the reforms Mr. Cochrane mentions and many more. It replaces about 73,000 pages of tax code, retains progressivity, generates the same government revenue, and eliminates the IRS in three years. 

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Tags: FairTax, IRS, fair, reform, tax

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Comment by Carl House on December 24, 2015 at 7:21am

Dan, thanks for informing me of this WSJ article. Your response is very impressive.  I don't know much about tax code solutions but I do know you and so I am a believer. Your sentence about "the mother lode to the lobbyists" is a powerful few words.

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