Tax Policy Center

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William G. Gale

Codirector

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Research report

This paper presents evidence from a randomized field experiment to evaluate the longterm impact of an incentive for household saving. We examine the effect on homeownership of an Individual Development Account (IDA) program which ran from 1998 to 2003 in Tulsa, Oklahoma. The IDA program provided...

March 9, 2011
William G. GaleMichael Grinstein-WeissClinton KeyWilliam M. RoheMark SchreinerMichael Sherraden
Research report

The United States faces a large medium-term federal budget deficit and an unsustainable long-term fiscal gap. Left unattended, these shortfalls will hobble and eventually cripple the economy. The only plausible way to close the gap is through a combination of spending cuts and tax increases....

March 4, 2011
William G. GaleBenjamin H. Harris
Research report

This paper reviews the recent evolution of thinking and evidence regarding the effectiveness of activist fiscal policy. Although fiscal interventions aimed at stimulating and stabilizing the economy have returned to common use, their efficacy remains controversial. This paper reviews the debate...

January 11, 2011
Alan J. AuerbachWilliam G. GaleBenjamin H. Harris
Brief

On November 29, 2010, TPC co-director William Gale held a live webchat on the Washington Post website to discuss his November 28th Washington Post piece, Five Myths About Cutting the Deficit.

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December 7, 2010
William G. Gale
Brief

Budgets may be boring, but the stakes before us are exceedingly high. As we go about reducing the deficit, who will pay which taxes? How will we defend our country? And how will we treat our elderly? Unfortunately, questionable thinking and outright distortions by critics from across the...

November 28, 2010
William G. Gale
Brief

Plans to rein in the U.S. budget deficit remain in the spotlight as the Bipartisan Policy Center's Debt Reduction Task Force released its plan to solve the debt crisis. TPC expert William Gale offers analysis of the recommendations and includes recommendations of his own.

November 24, 2010
William G. Gale
Brief

In a New York Times op-ed, Bill Gale explains why extending the Bush tax cuts would provide little economic stimulus and would be bad fiscal policy.

September 30, 2010
William G. Gale
Research report

We present new estimates of the budget outlook, based on the latest projections from the Congressional Budget Office and the Medicare and Social Security Trustee reports. The medium-term budget outlook has not changed appreciably since earlier this year. Under reasonable assumptions, the federal...

September 16, 2010
Alan J. AuerbachWilliam G. Gale
Brief

The tax cuts enacted in 2001 and 2003, known as the Bush tax cuts, are set to expire Dec. 31, and the fight over what to do is increasingly heated. Should the tax cuts expire, as some Democrats have said? Should they be extended, as most Republicans maintain? Or does the answer lie somewhere in...

August 3, 2010
William G. Gale

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