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Collection StructureMilton Friedman papers > Audio-Visual file > Milton Friedman Speaks lecture series > Is Tax Reform Possible?
Item Title Is Tax Reform Possible?
Collection TitleMilton Friedman papers
Speaker Friedman, Milton (1912-2006)
Date CreatedFebruary 06, 1978
Description

Delivered before a meeting of the Americanism Education League, Pasadena, California. Brochure summary:

Why do Americans pay more in taxes than they really want to? Can they do anything about it? Americans must understand that their true tax burden is what the government spends--regardless of who that spending is financed--and that if government spending goes up faster than prices in general, the real tax burden increases. Simplifying the system is far from easy, but the real defect is not in the tax system, anyway, but in the budget structure. Our only hope for tax reduction is in establishing constitutional provisions that will set limits on government spending.

"In no way is anybody proposing to cut taxes because President Carter has proposed an increase in federal government spending, an increase which is larger than the anticipated increase in prices; so it's an increase in real terms and indeed a larger increase than that which appears in his official budget because of the continued use and invention of more and more sophisticated methods to conceal actual spending, the latest gimmick being to treat subsidies given by the government as refunds of taxes collected from somebody else."

Theme(s)
Language(s)
Country of Origin
FormatSound Recording
Medium lectures
Hoover ID77011_a_0007223
Record Number77011.227
NotesSee also Collected Works of Milton Friedman, object 2016C21.0371.
RightsUsed with permission. This copy is provided for educational and research purposes only. No publication, further reproduction, or reuse of copies, beyond fair use, may be made without the express written permission of the copyright owner.

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