T10-0253 - Bowles-Simpson Deficit Commission: Zero Plan Variant, Retain Payroll Tax Exclusions, CTC, EITC, 80% of Mortgage, Health and Retirement Benefit; Baseline: Current Law; Distribution by Cash Income Percentile, 2015

Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would retain 80 percent of current mortgage, health and retirement benefit levels and eliminate all tax expenditures except the Child Tax Credit and Earned Income Tax Credit, compared with current law.