Tax Policy Center

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William G. Gale

Codirector

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Research report

On January 1, 2001, Russia introduced what has frequently been called a "flat tax." In this report, we examine the limited research and information available on the effects of Russias personal income tax reform and reach five principal conclusions: The change in the personal income tax was not a...

March 28, 2005
Clifford G. Gaddy, William G. Gale
Research report

The "automatic 401(k)" is a simple concept with enormous potential. An automatic 401(k) plan would have intelligent defaults at each phase of the 401(k) savings cycle: participation, contribution levels, investment allocations, rollovers, and withdrawal options. Workers would be free to opt out...

March 7, 2005
William G. Gale, J. Mark Iwry, Peter Orszag
Brief

The Saver's Credit, enacted in 2001, provides a government matching contribution, in the form of a nonrefundable tax credit, for voluntary individual contributions to 401(k)-type plans, IRAs, and similar retirement savings arrangements. This paper provides background on the evolution and design...

March 1, 2005
William G. Gale, J. Mark Iwry, Peter Orszag
Research report

The tax fact shows how the 2001 and 2003 tax acts changed marginal tax rates for taxpayers in different income groups.

February 14, 2005
William G. Gale
Research report

The new budget projections released by the Congressional Budget Office (2005) provide an opportunity to assess fiscal policy in the first four years of the Bush administration and to discuss prospects for the next four years and beyond. This report examines the baseline CBO projections, adjusts...

February 14, 2005
William G. Gale, Peter Orszag
Research report

Proposals to replace part of Social Security with individual accounts are now a focus of attention, with the President expressing a strong desire to push forward on creating individual accounts within Social Security. This paper considers the appropriate budgetary treatment of proposals to...

January 24, 2005
William G. Gale, Jason Furman, Peter Orszag
Research report

This is the eighth and final installment in a series that evaluates tax policy in the Bush Administration, covering the years 2001 to 2004. The paper summarizes our principal findings, and discusses some of the key tax and fiscal issues facing the Administration in its second term.

November 29, 2004
Peter Orszag, William G. Gale
Research report

This paper examines links between the Bush Administration's tax cuts and the goal of "starving the beast"--that is, holding down government spending. It is at best unclear whether tax cuts are effective in restraining spending. The data appear more consistent with the view that once fiscal...

November 15, 2004
William G. Gale, Peter Orszag
Research report

Bush Administration tax policy has sometimes been defended as a piecemeal approach to fundamental reform. Consistent with fundamental reform, the tax cuts reduced marginal capital income tax rates and flattened rates. But the similarities end there. A well designed consumption tax would (a) be...

November 8, 2004
William G. Gale, Peter Orszag

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