Overall when we look into economic condition of the US we can feel or can understand that the US is facing some of the tough challenges for fiscal deficits. Some improvements in the taxation policy can help them to address these challenges. Any tax reform can be evaluated based upon three criteria which is its efficiency, revenue it generates and the equity.
If we look what the authors are trying to say about the tax reforms, it is quite evident they are suggesting new taxes that can be included in the US economy; I feel these options will certainly help the US economy, because most of these are already tested methods. These tax reforms can be enforced in the system without much problem. For example, if we talk about the VAT, it is known that VAT has already been implemented in around 150 countries worldwide without much problem and it has been generating a significant amount of revenue which could be quite useful for the US economy. As given in the article numbers also suggests the advantage of VAT according to which if the US would have added 5% VAT on all services and goods it would have raised $355 Billion (Gale & Brown, 2013). These number themselves suggests the need and benefit of VAT in the US.