National Affairs: Toward Tax Reform

It should be possible to reform the tax system to stimulate economic growth, without reducing revenues and without violating the basic principles of fairness in taxation.

—John Kennedy's Economic Message to Congress

Economic experts of both parties are agreed that, long-range, the U.S. economy needs nothing so much as wholesale tax reform. The drive for reform has been given a new push by President Kennedy's appointment of three of the most ardent reformers to three of the Administration's top economic posts.

For years, Assistant Treasury Secretary Stanley S. Surrey has damned the "provisions favoring special...

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