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Recent tax reform discussions have involved proposals that would
broaden the income tax base and reduce the tax rate. Other discussions
have focused primarily on modifying the tax law so that only the most
affluent Americans would pay more taxes, either as a result of
broadening the tax base or raising tax rates. Broadening the tax base can
involve subjecting more types of income to taxation and /or eliminating
or reducing tax deductions. Locate at least two tax reform proposals that
have been debated or are currently being debated where itemized
deduction provisions would be modified. In a memo to your professor,
evaluate each of the proposals in terms of costs and benefits and
compare them to current law. The memo should be approximately 3-4
pages.
Support your responses with examples.
Cite any sources in APA format.