The Tax Foundation has published a new Fiscal Fact, Tax Reform and Revenue Neutrality: President’s Panel Should Avoid the Redistribution of 1986, warning panel members not to repeat several mistakes made during the last major tax reform effort:

The Tax Reform Act of 1986 substantially reduced income tax rates and broadened tax bases. However, it also increased the tax burden on corporate taxpayers in an effort to fund reductions in the tax burden on individual taxpayers. As the President and Congress consider options for reforming the tax code, they should avoid the temptation to use revenue neutrality as an excuse to redistribute the tax burden among Americans as was done during the 1986 reform.