Research report

In his campaign for the Republican presidential nomination, Mitt Romney has proposed permanently extending the 2001–03 tax cuts, further cutting individual income tax rates, broadening the tax base by reducing tax preferences, eliminating taxation of investment income of most individual...

March 1, 2012
TPC
Research report

In his campaign for the Republican presidential nomination, Rick Santorum has proposed permanently extending the 2001–10 tax cuts and further reducing individual income taxes, cutting the corporate income tax rate in half, eliminating the estate tax, and repealing the alternative minimum tax and...

January 18, 2012
TPC
Research report

Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: a 9 percent “national sales tax,” a 9 percent “business flat tax,” and a 9 percent “individual flat tax.” Based...

October 18, 2011
TPC
Research report

Tax and fiscal policy will loom large in the next president's domestic policy agenda. Nearly all of the tax cuts enacted since 2001 expire at the end of 2010 and the individual alternative minimum tax (AMT) threatens to ensnare tens of millions of Americans. While a permanent fix palatable to...

June 20, 2008
TPC
Research report

The early years of the 21st century have been marked by a major tax bill almost every year. This fact sheet looks at the impact of these laws on taxpayers, especially on who benefits and who doesnt, and discusses some unfinished business, including the future of the estate tax and the individual...

October 23, 2006
TPC
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
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
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
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

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