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Research report

Implications of Governor Romney's Tax Proposals: FAQs and Responses

Samuel Brown, William G. Gale, Adam Looney
August 16, 2012
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Abstract

A recent TPC paper examined tradeoffs among revenues, progressivity and tax rates in tax reform. It concluded that, under certain assumptions, any revenue-neutral plan along the lines Governor Romney has outlined would reduce taxes for high-income households, thus requiring higher taxes on other, even if the plan's financing is as progressive as possible, given the available tax expenditures. This paper addresses questions about that study and discusses new estimates that incorporate the taxation of municipal bond interest and the taxation of inside buildup in life insurance vehicles. These additions do not change the basic results.

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Individual Taxes Federal Budget and Economy Campaigns, Proposals, and Reforms
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Meet the Experts

  • Samuel Brown
  • William G. Gale
    Codirector
  • Adam Looney
    Senior Fellow, Tax Policy Center
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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