Mr. Lindsey goes to Washington - former Harvard University economics professor Lawrence Lindsey appointed as governor at the Federal Reserve - Interview

Chief Executive, The, June, 1992 by Joseph L. McCarthy

If you could make a single change to the tax

system, what would it be?

Bring down the rates and broaden the base. I know that's two changes, but they're part of the same thing. We don't need an across-the-board tax change. Ideally, any changes we make should be revenue neutral. But rates have been creeping upward in recent years. We could quite easily get back down to a 21 percent marginal tax rate by moving to bring in the fringes.