During his campaign, Jimmy Carter repeatedly condemned the U.S. tax system as "a disgrace to the human race." Indeed, the system was such a mess, Carter said, that he would need a full year in the White House to study how to reform it. Yet by last week, after barely five months in office, the Carter Administration had put together a smoothly functioning team that expects to have a comprehensive tax reform ready by the end of summer.
Though no final decisions have yet been made, the task force's goals are clear enough: making the tax code simpler and more...
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