Tax Policy Center

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William G. Gale

Codirector

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Research report

Policy makers have long sought to boost households’ retirement saving through tax incentives. Little is known, however, about how savers’ contributions are linked across different types of tax-preferred accounts. Previous research has concluded that workers who become eligible for a 401(k) plan...

October 25, 2017
William G. GaleAaron KrupkinShanthi Ramnath
Research report

This brief discusses how savers’ contributions are linked across different types of tax-preferred accounts. Previous research has concluded that workers who become eligible for a 401(k) plan also see stronger growth in IRA balances. However, the mechanism for this increase – contributions, asset...

October 25, 2017
William G. GaleAaron KrupkinShanthi Ramnath
Research report

Tax cuts often look like “free lunches” for taxpayers, but they eventually have to be paid for with other tax increases or spending cuts.  We examine the distributional effects – with and without financing – of a tax plan consistent with the outline the Trump Administration produced in April. ...

August 15, 2017
William G. GaleSurachai KhitatrakunAaron Krupkin
Research report

While policy makers and news headlines focus on debates about health care and tax policy, the U.S. fiscal outlook remains troubling and is a constraint against which new proposals should be judged. Budget deficits appear manageable in the short run, but the nation’s debt-GDP ratio is already...

August 7, 2017
Alan J. AuerbachWilliam G. Gale
Commentary

Bill Gale discusses the current tax reform initiatives by Congress and the Administration and outlines some issues Republicans may face when trying to pass tax legislation in this...

August 2, 2017
William G. Gale
Brief

The relationship between tax cuts and economic growth has been the subject of much discussion and debate at the state and federal level. A number of states have reduced taxes to spur economic growth. In this article the Brookings Institution’s William G. Gale and Aaron Krupkin, and the Urban...

July 12, 2017
William G. GaleAaron KrupkinKim S. Rueben
Brief

This year, Congress will consider what may be the biggest tax bill in decades. This is one of a series of briefs the Tax Policy Center has prepared to help people follow the debate. Each focuses on a key tax policy issue that Congress and the Trump administration may address. This brief...

April 20, 2017
William G. GaleAaron Krupkin
Research report

New information from the Congressional Budget Office allows an update of the fiscal outlook. While deficits are manageable in the short run, the debt-GDP ratio is already high relative to historical norms. Under “current policy,” we project the ratio will rise to 96 percent by 2027 and 154...

January 29, 2017
Alan J. AuerbachWilliam G. Gale

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