Transforming the Tax Code

Transforming the tax code involves making changes to the rules and laws that govern how individuals and businesses calculate and pay taxes. The goal is to improve fairness, simplify compliance, and ensure the government collects sufficient revenue. This process may include adjusting tax rates, closing loopholes, expanding credits, or broadening the tax base. Ultimately, it aims to create a tax system that is more efficient, transparent, and better suited to the country's economic and social priorities.