Recent tax reform discussions have involved proposals that would broaden the income tax base and reduce the tax rate. Other discussions have focused primarily on modifying the tax law so that only the most affluent Americans would pay more taxes, either as a result of broadening the tax base or raising tax rates. Broadening the tax base can involve subjecting more types of income to taxation and $/$or eliminating or reducing tax deductions.

Using your textbook and other scholarly sources, complete the following tasks:

Tasks:

Locate at least two tax reform proposals that have been debated or are currently being debated.

Summarize the key differences in the tax reform proposals.

Analyze the pros and cons of each tax proposal for lower, middle, and upper class tax payers.

Justify your opinion on the reform proposals.