The Hamilton Project at the Brookings Institution is hosting a discussion on U.S. tax policy Thursday in Washington, DC. Former Treasury Secretaries Robert Rubin and Lawrence Summers and other fiscal scholars discussed how tax policy will continue to affect U.S. financial health and competitiveness in the global economy. They considered the expiration of the Bush-era tax cuts, the national deficit and the debate on raising the debt limit.
The event, called "Economic Facts About Taxes: Rates, Revenues and Reform Options," coincided with the release of a report titled "A Dozen Facts About Tax Reform."
Following opening remarks, former Council of Economic Advisers Chair Martin Feldstein and Lawrence H. Summers, former Assistant to the President for Economic Policy and former U.S. Treasury Secretary, discussed the broad economic case for tax reform.
A second panel of experts debated key principles for a successful tax reform effort, drawing from a range of experiences.
The Hamilton Project is part of the Brookings Institution that focuses on economic policy. Named after the first Secretary of the Treasury, Alexander Hamilton, the project studies economic policies that will help foster growth and broad participation in that growth from all sectors of American society, according to its website.