The Tax Policy Center Newsletter
October 10, 2007
This matrix provides a side-by-side comparison of the 2008 presidential candidates' tax proposals, as gleaned from their websites and public statements. It outlines their proposed tax cuts, as well as adjustments to existing credits, capital gains taxation, corporate taxes, tax administration and more. The matrix will be updated as new information and proposals are released.
View the matrix
In this testimony, Gene Steuerle notes that for both efficiency and equity reasons, capital gains relief is best targeted where tax rates are high, as in the case of the double taxation of corporate income. The case for providing capital gains relief for carried interest is relatively weak, resting primarily upon whether the administrative benefits of the simple partnership structure needs to be maintained in this arena. It does not rest upon arguments for favoring capital income, entrepreneurs, or risk.
Read Steuerle's complete testimony.
In this testimony, Len Burman discusses the issues of tax fairness, the 2001 to 2006 tax cuts, and the individual alternative minimum tax. Burman argues that while the federal tax system mitigates economic inequality, the recent tax cuts have disproportionately benefited those at the top, while also increasing the number of people potentially subject to the AMT. He concludes with a brief discussion of how to fix the AMT in a fiscally responsible manner.
Read the complete testimony
newsletter archive
