Legislative Timeline: Tax Reform
GalleryWatch Staff
From colonial times to the present day, debate over tax policy — and how to reform it — has been a fixture in American politics. The tax system has changed radically since the founding of the republic, paralleling the development of the American economy and the ever-growing role of the federal government. Taxation has evolved from a system dominated by tariffs and excise taxes in the 19th century to today’s income-tax-based system.
Now, in the first decade of the 21st century, many people are suggesting that the tax system needs more changes. However, previous attempts at reform have succeeded only rarely, often because of strong opposition from entrenched interests and powerful constituencies.
Schumer Advocates for Many on Panel
Nov. 16, 12 a.m.
As Senate Majority Leader, Lyndon Johnson once said of the Joint Economic Committee, “It’s as useless as tits on a bull.” But as that panel’s chairman during the 110th Congress, Sen. Charles Schumer (D-N.Y.) seized the opportunity to elevate the traditionally low-profile post to the forefront of shaping policy. Read Full Article
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