AARP Eye Center
Tax reform should focus on raising sufficient revenue. It should make the tax system more equitable and efficient. Reforms should:
- increase the system's revenue-raising capacity, including broadening the tax base;
- maintain ability-to-pay as the standard of tax equity;
- result in a distribution of tax burdens that is no less progressive than the current distribution under the individual and corporate income taxes;
- avoid negative impacts on important social goals such as retirement savings and health insurance coverage;
- reduce distortions in the tax code;
- reduce the administrative record-keeping burden on American taxpayers;
- be evidence-based with respect to economic development effects;
- encourage American competitiveness and job creation; and
- provide appropriate relief for people during the transition from one tax policy to another.