U.S. and Swedish Trends in Tax Reform

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…both countries. To an extent, these goals were achieved. But both countries quickly reversed their desire to reduce or eliminate tax shelters and lower marginal rates. In efforts to reduce governmental budget deficits, top income tax rates were increased once again. It will be interesting to see whether the current tax reform proposals now being discussed in the U.S. Congress will take hold and shift policy back towards base broadening and more horizontal equity.