Reversing the Great Tax Shift: Seven Steps to Finance Our Recovery Fairly

To address our nation’s economic crisis and maintain our nation’s fiscal health, the United States desperately needs new sources of federal revenue. Without additional revenues, we as a nation will either have to shortchange long-overdue investments in infrastructure, health, energy, and economic opportunity or leave an unsustainable debt to generations ahead.

The Institute for Policy Studies has identified a package of practical and politically viable policies that could raise the revenues we need. These policies, taken together, would:
• Collect over $450 billion in revenue from those with the greatest capacity to pay.
• Discourage financial speculation.
• Strengthen the overall economy.
• Introduce greater transparency, fairness, and simplicity to the tax code.