The Rivlin-Domenici Plan

The Rivlin-Domenici Plan was a proposal aimed at reforming the U.S. tax system, emphasizing simplicity and economic growth. It proposed lowering tax rates across the board to encourage investment and work, while broadening the tax base by removing many special deductions and credits. The goal was to create a fairer, more efficient system that promotes economic activity without increasing overall tax revenue. The plan also aimed to reduce the complexity of the tax code, making it easier for individuals and businesses to comply and plan financially. Overall, it sought a balanced approach to tax reform that boosts growth and fairness.