Washington, D.C. — The 2017 tax law was fundamentally flawed, increasing income inequality while putting upward pressure on the debt for little payoff. Looking ahead to the 2025 tax debate, a new ...

A revised income tax system should be simple, easy to understand and based on principles rather than on expedience. I propose: l A flat income tax rate applied on all personal, active earned income ...

Ahead of the 2023 election, it was clear there was not a lot in National’s tax policies to benefit the least well off. Nothing has happened over the first 100 days of government to change this ...

An edition of The Economist Bagehot column from a few months ago makes for an interesting read. Its author argues that, on the Left of British politics, a debate is opening up again about the moral ...

Critics across the political spectrum have argued that “No Tax on Tips,” which had bipartisan support, is a misguided attempt ...

The AICPA recommended 183 changes to the IRS’s 2025–2026 Priority Guidance Plan and also encouraged the agency to continue to pursue tax simplification. “The AICPA’s Guiding Principles of Good Tax ...

Preston was a Research Fellow for tax policy in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget. New IRS regulations require foreign income taxes to adhere more closely to ...