tax policy center
Tax Topics

Tax Topics

2009 Tax Stimulus
2012 Election Tax Plans
2015 Budget
Alternative Minimum Tax (AMT)
American Jobs Act of 2011
Brief Description of the Model 2013
Camp Tax Reform Plan
Current-Law Distribution of Taxes
Deficit Reduction Proposals
Distribution of the 2001 - 2008 Tax Cuts
Earned Income Tax Credit
Economic Stimulus
Education Tax Incentives
Estate and Gift Taxes
Expiration of the Bush Tax Cuts
Explanation of Income Measures 2013
Federal Budget
Fiscal Cliff
Fiscal Crisis
Flow-Through-Enterprises
Guide to TPC Tables
Health Insurance Tax Incentives
Homeownership
How to Interpret Distribution Tables 2013
Marriage Penalties
Model FAQ 2013
Model Related Resources and FAQs
Payroll Taxes
Presidential Transition - 2009
Recent Tax Stimulus Legislation
Retirement Saving
Tax Encyclopedia Index
Tax Expenditures
Tax Reform Proposals
Value-Added Tax (VAT)
Who Doesn't Pay Federal Taxes?
Working Families

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tax topics
 
National Commission on Fiscal Responsibility and Reform (Bowles-Simpson Commission)

The Tax Policy Center analyzed various tax proposals issued by the Commission in its final report, The Moment of Truth, and in the earlier “Chairmen’s Mark.”

A description of the provision in the “illustrative tax reform plan” in the Commission’s final report is available here.

A description of three variants of the Zero Plan proposed in the “Chairmen’s Mark” is available here.

Final Report's "Illustrative Tax Reform Plan"
Updated Illustrative Tax Reform Option with Individual Rates of 12, 22, and 28 Percent
Reduce Bracket Threshold for 22 Percent Rate and Increase Standard Deduction
By Current Policy
By Current Law
By Cash Income Percentile
By Cash Income Level
By Cash Income Percentile
By Cash Income Level
n/a
n/a


Illustrative Tax Reform Option with Individual Rates of 12, 22, and 28 Percent
By Current Policy
By Current Law
By Cash Income Percentile
By Cash Income Level
By Cash Income Percentile
By Cash Income Level
n/a
n/a



Earlier Plans
Eliminate Tax Expenditures for both Income and Payroll Taxes
By Current Policy
By Current Law
By Cash Income Percentile
By Cash Income Level
By Cash Income Percentile
By Cash Income Level
n/a
n/a

Eliminate Tax Expenditures for Income Tax Only
By Current Policy
By Current Law
By Cash Income Percentile
By Cash Income Level
By Cash Income Percentile
By Cash Income Level
n/a
n/a

Eliminate Some Tax Expenditures for Income Tax Only, Cap Other Tax Expenditures to Retain 80% Projected Revenue Loss
By Current Policy
By Current Law
By Cash Income Percentile
By Cash Income Level
By Cash Income Percentile
By Cash Income Level
n/a
n/a