Tax Policy Center

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William G. Gale

Codirector

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Brief

In a New York Times op-ed, Bill Gale explains why extending the Bush tax cuts would provide little economic stimulus and would be bad fiscal policy.

September 30, 2010
William G. Gale
Research report

We present new estimates of the budget outlook, based on the latest projections from the Congressional Budget Office and the Medicare and Social Security Trustee reports. The medium-term budget outlook has not changed appreciably since earlier this year. Under reasonable assumptions, the federal...

September 16, 2010
Alan J. AuerbachWilliam G. Gale
Brief

The tax cuts enacted in 2001 and 2003, known as the Bush tax cuts, are set to expire Dec. 31, and the fight over what to do is increasingly heated. Should the tax cuts expire, as some Democrats have said? Should they be extended, as most Republicans maintain? Or does the answer lie somewhere in...

August 3, 2010
William G. Gale
Research report

The U.S. faces a large medium-term federal budget deficit and an unsustainable long-term fiscal gap. Left unattended, these shortfalls will hobble and eventually cripple the economy. The only plausible way to close the gap is through a combination of spending cuts and/or tax increases. This...

July 22, 2010
William G. GaleBenjamin H. Harris
Research report

We provide new estimates of the federal budget outlook over 10-year and long-term horizons under three sets of assumptions: the Congressional Budget Office baseline, which assumes no changes in current law; an extended policy scenario, in which it is assumed that future Congresses act more or...

April 29, 2010
Alan J. AuerbachWilliam G. Gale
Research report

William Gale and Benjamin Harris give the president a B, noting their approval of the administration's aggressive use of tax and fiscal policy in pursuing the paramount goal of saving the economy-but also concern about the resulting lack of progress in efforts to reform the tax and fiscal system...

January 20, 2010
William G. GaleBenjamin H. Harris
Brief

CNNMoney.com, Op-Ed.
Obama and other policymakers need to pay more attention to a fundamental conflict underlying the health care debate: People want the federal government to do much more than they are willing to pay for through their taxes.

September 9, 2009
Alan J. AuerbachWilliam G. Gale
Research report

The Volcker task force on tax reform, part of the President's Economic Recovery Advisory Board, faces a daunting task that is made materially more difficult by ex ante constraints placed on its purview and recommendations. Broad-based reform proposals seem to be out of the question, and...

September 9, 2009
William G. Gale
Research report

Facing the most severe recession since the 1930s, and probably the longest as well, the
U.S. government has adopted an aggressive countercyclical fiscal policy stance, beginning with the Economic Stimulus Act of 2008 in February of that year, shortly after the recessions designated...

August 24, 2009
Alan J. AuerbachWilliam G. Gale

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