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Economic Commentary

Assessing Fundamental Tax Reform

Fundamental tax reform remains a hot topic, for reasons that should come as no surprise. The current U.S. tax structure is complex, distortionary, and replete with tax preferences.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Altig, David, Alan Auerbach, Laurence Kotlikoff, Kent Smetters, and Jan Walliser. 1998. “Assessing Fundamental Tax Reform.” Federal Reserve Bank of Cleveland, Economic Commentary 1/15/1998.