As our mission states, I want every student across the country, regardless of economic status or zip code, to have the information and guidance necessary to enroll in their best-fit four-year college.
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The Bush Treasury calls this an overreaction and says economic substance should be left to the courts. (Kerry favors putting economic substance in the code.) A Heinz win could weaken the case for relying on the courts.
At the same time, tax reforms must maintain or improve the progressivity in the tax code and promote economic growth.
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Income streams from real enterprises were nil anyway in the context of negligible economic growth and a tax code un-indexed for inflation.
And he talks about those issues in terms that reflect the importance of economic matters like our tax code and how our tax code, for example, currently benefits companies that ship jobs overseas.
The Senate voted to write into the tax code an "economic substance" rule: Even if taxpayers follow IRS regs, they can't claim a tax break Congress didn't intend on a deal made primarily for tax purposes.
Today, our tax code wrongly gives an economic advantage to interest payments on debt over dividends payments to shareholders.
That could simply mean raising more from private sources and, indeed, an increase in the total dollar amount which goes to charity could be a collateral benefit if less government spending and a simpler tax code lead to renewed economic growth.
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By dealing with the revenue question piecemeal, the deals have wasted political capital that might otherwise be spent convincing Republicans that they could accept more in tax revenue overall, if that came in return for a real overhaul of the tax code that would generate more economic growth.
The government has long used the Code to promote certain types of economic behavior.
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Such a tax reform will help us forestall bankruptcy as a nation and make the tax code fairer and more conducive to economic growth.
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Indeed, non-profits may fare better under a simpler tax code which does more to encourage overall economic growth.
Opponents of short-term tax fixes say that while they understand they need for economic stimulus, longer term changes to the tax code for small businesses are also needed.
Robbins also created a tax calculator and neo-classical economic model that make it possible to estimate the economic and revenue effects of changes to the tax code based upon how those changes alter the cost of capital and labor.
As U.S. equity markets and corporate balance sheets continue their remarkable comeback from the financial crisis that began in 2008, the recently announced merger between American Airlines and US Airways reminds us of the critical role that U.S. bankruptcy law, represented by Chapter 11 of the U.S. Bankruptcy Code, has played in the ongoing economic recovery.
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We know that our complicated tax code with its jigsaw of special preferences reduces economic efficiency.
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But governments need revenues, so an ideal tax code is one that extracts revenues while discouraging economic growth the least.
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The big problem that any tax code needs to address is to not impede economic growth and the resulting employment a robust economy brings.
We need to focus on simplifying the tax code and fashioning it to be more pro-economic growth.
Ryan, unfortunately, is holding a one-way conversation on entitlement reform, fiscal responsibility and reforming a tax code to incentivize, not punish, entrepreneurship and economic prosperity.
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In 1986, President Reagan signed a comprehensive tax reform plan that closed loopholes, lowered rates, simplified the code, and sustained what was then the longest economic expansion in peacetime since World War II.
Yet another benefit of the Flat Tax Act is that it reforms not just the income portion of the code, but also eliminates federal gimmicks that stymie economic growth such as the Alternative Minimum Tax, capital gains taxes, the estate tax and the marriage penalty.
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Romney is currently offering an economic program that involves minor tinkering at the margins of the tax code.
It is hard to see the economic rationale for creating a bubble in the middle of the tax code.
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Reforming the tax system would also set in motion a new economic dynamic, as the complexities and pitfalls of the current tax code were set aside and entrepreneurs and investors started looking for the best ways to invest their money rather than the best ways to hide it.
Mr Obama has let one former tax-avoider through: Tim Geithner, the new treasury secretary, who failed to pay self-employment taxes when he was a consultant for the International Monetary Fund. (Foes of America's absurdly complicated tax code were delighted to note that even a reputedly brilliant economic mind failed to comply with it.) But with the financial and economic crisis raging, Mr Geithner appeared simply too important to lose.
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So I've already started by asking Paul Volcker and my Economic Recovery Board to do a thorough review of how to simplify our tax code, and to report back to me by the end of this year.
Since Mr Bush's tax cuts expire at the end of next year, Mr Obama could try to reform the tax and entitlement systems simultaneously, which makes economic sense since so many aspects of health care and retirement impact the tax code.
The simple truth is that the tax code has become riddled with ineffective social policy objectives and narrow, distortionary economic agendas.
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But the tax code is such a morass of loopholes, breaks for the politically favoured and economic engineering on the part of bureaucrats, that comprehensive tax reform could allow for lower rates and yet increase tax receipts at the same time.
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