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How to improve the tax code is the subject of much debate. Proponents of reform often call for increasing fairness and simplicity.

Any further efforts to address marriage penaltiesA circumstance in which

Policymakers use the tax system to raise revenue and to promote social policy goals. For example, they may want to encourage desirable behaviors, such as home ownership.

Policymakers should broaden the tax base by limiting tax preferencesProv

Consumer spending is responsible for more than two-thirds of U.S. economic output.

Fair, equitable, and affordable financial products and services are essential to helping people and communities build and maintain wealth.

Federal, state, and local consumer protection agencies all have a role in safeguarding consumers against fraud, deception, and unfair practices.

To save and invest, individuals need access to the banking system and credit.

Banks are granted charters to help meet the needs and convenience of the communities where they are located, including low- and moderate-income neighborhoods.

Credit cards are a fixture of U.S. economic life.