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America the Undertaxed

U.S. Fiscal Policy in Perspective

Author: Andrea Louise Campbell
September/October 2012
Foreign Affairs

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Compared with other developed countries, the United States has very low taxes, little income redistribution, and an extraordinarily complex tax code. If it wanted to, the government could raise taxes without crippling growth or productivity. Tax reform is ultimately a political choice, not an economic one—a statement about what sort of society Americans want.

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