revenue-neutral tax reform

Revenue-neutral tax reform involves changing the tax system—such as reducing rates or shifting how taxes are collected—without increasing or decreasing the total government revenue. The goal is to improve economic efficiency, fairness, or simplicity while maintaining the same overall funding for government programs. For example, lowering corporate taxes while offsetting the loss with higher taxes elsewhere ensures the government still collects the same amount of money, preventing increased deficits. This approach aims to stimulate economic growth or improve fairness without impacting the government's budget stability.