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A tax plan that economists love (and politicians hate)

Published: Friday, Oct. 19 2012 1:32 p.m. MDT

Our take: National Public Radio assembled a group of economists from across the political spectrum and actually found consensus about a number of issues. In this edition of "Planet Money," economists explain why the tax deduction for mortgage interest creates perverse incentives that help the rich and hurt the poor, and why double taxation of corporate profits is, economically, a bad idea.

"Watching a presidential campaign, it's easy to think that the nation is deeply divided over how to fix the economy. But when you talk to economists, it turns out they agree on an enormous number of issues.

"So we brought together five economists from across the political spectrum and had them create their dream presidential candidate. Over the next few days, we'll have a series of stories on our economists' dream candidate. We start this morning with some changes to the tax code."

Read more about A Tax Plan That Economists Love (And Politicians Hate) on NPR.org.

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