...the simple truth is that the current tax system is seriously flawed and should be replaced. The ad hoc tinkering at the margins of the code that has characterized tax "reform" in recent decades has only exacerbated the problem. What is needed is a new tax system--a tax system that will not penalize entrepreneurial activity, that is efficient, fair, and comprehensible, and that will enable U.S. taxpayers to claim greater control over their individual financial destinies and allow U.S. enterprises to compete effectively in the global marketplace. At its core, comprehensive tax reform should be an effort to construct a new tax code that will increase economic productivity and permit Americans to enjoy higher living standards. -from the Introduction