Global Conference 2011

In 1986, the leaders of both political parties joined forces to push through sweeping tax reforms that had been bitterly opposed by powerful interests. These reforms broadened the tax base by reducing a host of preferences, which allowed policymakers to lower marginal tax rates sharply with only modest losses in revenue. But in the decades since, lobbyists have fought back - and with considerable success. The personal and corporate tax codes are again riddled with preferences that erode revenue, distort economic incentives and offend the public's sense of equity. Moreover, the bipartisanship that made reform possible a quarter-century ago is now only a fading memory. This panel will assay the prospects for tax reform in the face of growing demands on the federal budget and deep political divisions over the proper course of government.

Moderator

Peter Passell

Senior Fellow, Milken Institute; Editor, The Milken Institute Review

Speakers

Jared Bernstein

Chief Economist to Vice President Joe Biden

Gina Despres

Senior Vice President, Capital Research and Management Co.

Douglas Holtz-Eakin

President, American Action Forum; former Director, Congressional Budget Office

Mark Weinberger

Global Vice Chairman-Tax, Ernst & Young


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