Word: burtless
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Dates: during 1980-1989
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...1970s I would have said we should have a guaranteed annual income. I don't say that now. We have learned that blunt instruments don't work." Making the income tax system more progressive would seem an obvious step, but economists warn that it has its limits. Says Gary Burtless of the Brookings Institution: "There are estimates suggesting that if we raise tax rates on people making more than $40,000, they will actually work harder. Unfortunately, they will probably also work harder to avoid taxes." Indeed, the most immediate threat to prosperity is the budget deficit, and many ideas...