Now that Washington is considering “tax reform” the magic words “revenue neutrality” are being religiously invoked.  Any “tax reform,” our rulers tell us, must be “revenue neutral,” i.e., the total amount of tax revenue must remain exactly the same, down to the last red cent, after the “reform.”  Under no circumstances shall revenue ever be non-neutral. OK.  Now that the economy is growing and with it federal tax revenues (more working people equals more taxpayers equals more tax revenue), which are at world record high levels, for the sake of revenue neutrality the government needs to give a few hundred … Continue reading In Praise of “Revenue Neutrality”