Tax Reform: What's Fair Got to Do With It?Monday, April 30, 2012
9:30 AM - 10:45 AM
Jared Bernstein, Economic Policy Fellow, Milken Institute; Senior Fellow, Center on Budget and Policy Priorities; former Chief Economist to Vice President Joe Biden
Steve Forbes, Chairman and Editor-in-Chief, Forbes Media
William Gale, Director, Retirement Security Project, Brookings Institution; Co-Director, Urban-Brookings Tax Policy Center
Douglas Holtz-Eakin, President, American Action Forum; former Director, Congressional Budget Office; former Chief Economist, Council of Economic Advisors
Pundits and policymakers on the left say that the rich don't pay their fair share. Those on the right say that half of American households don't pay any federal income taxes, and that's not fair. With attention focused on the 1 percent vs. 99 percent divide and changing patterns of income and tax distribution, how do we decide what constitutes a "fair" allocation of the costs of government? Is there any way to strike a reasonable compromise?