Tax Policy Center

Experts

Expert

William G. Gale

Codirector

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Brief

This essay is the tenth in a twelve-essay colloquium on the effect of low interest rates on the economy. To read other essays in the series, click here. The original version of this paper was...

December 11, 2016
Alan J. Auerbach, William G. Gale, Aaron Krupkin
Research report

The possibility of introducing a value-added tax (VAT) in the United States has been discussed on a sporadic basis for several decades. In this policy brief, which is based on Gale, Gelfond, and Krupkin (2015), we examine issues related to small business and entrepreneurship under a VAT. We also...

March 1, 2016
William G. Gale, Hilary Gelfond, Aaron Krupkin
Research report

The possibility of introducing a value-added tax (VAT) in the United States has been discussed on a sporadic basis for several decades. This paper examines issues related to small business and entrepreneurship under a VAT. Section II discusses the basic mechanics of a VAT, including the...

March 1, 2016
William G. Gale, Hilary Gelfond, Aaron Krupkin
Article

This paper reflects on changes in tax policy in past decades and predicts how tax policy may change under a new president in 2017. The author examines the potential of implementing a carbon tax as a means to raise government revenue and reduce carbon gas emissions.

March 1, 2016
William G. Gale
Research report

We explore issues related to a financial transaction tax (FTT) in the United States. We trace the history and current practice of the tax in the United States and other countries, review evidence of its impact on financial markets, and explore the key design issues any such tax must address. We...

February 25, 2016
Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns, Steven M. Rosenthal
Research report

After worsening sharply during the Great Recession, the long-term fiscal outlook generally improved through 2015, due to a combination of legislative acts and lower projected growth of health care spending. The same factors and the slow but steady economic recovery helped reduce short-term...

February 24, 2016
William G. Gale, Alan J. Auerbach
Brief

The massive financial market failures that led to the Great Recession have prompted renewed calls for a financial transaction tax (FTT) to discourage excessive risk taking and recoup the costs of the crisis. A well-designed FTT could raise up to about 0.4 percent of GDP ($75 billion in 2017) in...

January 20, 2016
Leonard E. Burman, William G. Gale, Sarah Gault, Bryan Kim, James R. Nunns, Steven M. Rosenthal
Research report

This paper analyzes presidential candidate Jeb Bush’s tax proposal. It would reduce individual and business marginal tax rates, curtail tax expenditures, and convert the corporate income tax into a cash-flow consumption tax. The proposal would cut taxes at all income levels, reducing federal...

December 8, 2015
Leonard E. Burman, William G. Gale, John Iselin, James R. Nunns, Jeffrey Rohaly, Joseph Rosenberg, Roberton C. Williams
Research report

The effects of state tax policy on economic growth, entrepreneurship, and employment remain controversial. Using a framework that in prior research generated significant, negative, and robust effects of taxes on growth, we find that neither tax revenues nor top income tax rates bear stable...

December 1, 2015
William G. Gale, Kim S. Rueben, Aaron Krupkin