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Research report

An Analysis of Governor Bush's Tax Plan

Leonard E. Burman, William G. Gale, John Iselin, James R. Nunns, Jeffrey Rohaly, Joseph Rosenberg, Roberton C. Williams
December 8, 2015
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Abstract

This paper analyzes presidential candidate Jeb Bush’s tax proposal. It would reduce individual and business marginal tax rates, curtail tax expenditures, and convert the corporate income tax into a cash-flow consumption tax. The proposal would cut taxes at all income levels, reducing federal revenues by $6.8 trillion over its first decade before considering macro feedbacks. The plan would improve incentives to work, save, and invest, but unless accompanied by very large spending cuts, it could increase the national debt by as much as 50 percent of GDP by 2036, which would tend to put a drag on the economy.

Research Area

Business Taxes Income taxes (business) Campaigns, Proposals, and Reforms Presidential campaign proposals Federal Budget and Economy Economic effects of tax policy
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Meet the Experts

  • Leonard E. Burman
    Institute Fellow
  • William G. Gale
    Codirector
  • John Iselin
    Research Analyst
  • James R. Nunns
    Urban Institute Associate
  • Jeffrey Rohaly
    Principal Research Associate
  • Joseph Rosenberg
    Senior Research Associate
  • Roberton C. Williams
    Urban Institute Associate
Research report

New Evidence on The Effect of The TCJA On the Housing Market

Robert McClelland, Livia Mucciolo, Safia Sayed
March 30, 2022
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