A pessimistic view of the 1986 tax reform is that Congress simplified the tax code _____.

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The pessimistic view sees the 1986 tax reform as creating new loophole opportunities that did not exist previously, implying that the simplification of the tax code was not achieved, and the reform did not lead to increased efficiency or represent a Pareto superior move. It also suggests that the tax reform served the interests of special interest groups rather than broader societal goals.

A Pessimistic View of the 1986 Tax Reform Is That