The tax code is backwards in many ways. It discourages saving, job creation, and economic growth while encouraging consumption, energy dependence, and environmental degradation. It has become less progressive at a time when income inequality is growing and it bestows the largest targeted tax breaks on those who need them least. It has failed to keep up with changes in the global economic environment, harming U.S. competitiveness. It is highly complex, non-transparent, and it does not raise enough money to pay for government spending.