<P>The United States and other advanced economies in the Eurozone and elsewhere facesevere fiscal problems. The United States is on an unsustainable dynamic path; absent correctivefiscal policies, federal deficits and debts relative to gross domestic product will continue toincrease dramatically. In this book, experts consider possible fiscal reforms aimed at addressingthe debt problem, focusing on entitlement programs, budgetary issues and processes, and individualand corporate income tax reform.</P><P>The contributors address such topics as theinteraction of rising health care costs and the level of federal expenditures; alternative methodsfor evaluating the fiscal health and sustainability of Social Security; the effectiveness ofbudgetary constraints imposed on the states, including balanced budget amendments and debt ceilings;approaches to curtailing individual tax expenditures and methods for increasing the progressivity ofthe tax system; and the effects of traditional base-broadening, rate-reducing corporate income taxreforms.</P><P><B>Contributors</B>Henry J. Aaron, James Alm, RosanneAltshuler, Daniel Baneman, Joe Barnes, Robert J. Carroll, Ruud A. de Mooij, John W. Diamond,Jagadeesh Gokhale, Jane G. Gravelle, Peter R. Hartley, Vivian Ho, John Kitchen, Edward D. Kleinbard,John Mutti, Thomas S. Neubig, Mark V. Pauly, Rudolph G. Penner, Andrew J. Rettenmaier, Shanna Rose,Joseph Rosenberg, Daniel Smith, Eric Toder, Alan D. Viard, Roberton Williams, George R.Zodrow</P>