KTVZ: Wyden Unveils Tax Reform Proposal

Alan Essig, Executive Director, Institute on Taxation and Economic Policy: “The term ‘anti-deferral accounting’ probably means little to most Americans now, but the idea, proposed by Senator Wyden today, has the potential to transform our nation’s tax system. Working Americans pay taxes on their income every year. But for very wealthy families, a great deal of income is asset appreciation, and the nation’s tax rules allow them to defer paying taxes on this income for decades, often entirely avoiding tax. Read more