Changing Taxes to Promote Jobs
Normally we think of tax policy in terms of raising or lowering taxes, but choosing what to tax is just as important. The structure of our tax code has a profound effect on how businesses and people behave. Currently we tax labor heavily and consumption relatively little. By flipping that equation, raising taxes on things like luxury goods and instituting a carbon tax while lowering payroll taxes, the government can put millions back to work and encourage saving for the future.