<p>Professor Argues for Changing Existing Laws Over New Taxes</p>

Professor Argues for Changing Existing Laws Over New Taxes

University of North Carolina at Chapel Hill

Rather than add complexity to the tax code with measures such as a wealth tax or tax on book income, Congress should modify existing provisions that contribute to a loss in tax revenue, Jeffrey L. Hoopes of the University of North Carolina said at an April 27 Senate Finance Committee panel hearing.

<p>Rather than add complexity to the tax code with measures such as a wealth tax or tax on book income, Congress should modify existing provisions that contribute to a loss in tax revenue, Jeffrey L. Hoopes of the University of North Carolina said at an April 27 Senate Finance Committee panel hearing.</p>