Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would retain 80 percent of current mortgage, health and retirement
Budgets may be boring, but the stakes before us are exceedingly high. As we go about reducing the deficit, who will pay which taxes? How will we defend our country? And how will we treat our elderly? Unfortunately, questionable thinking and outright distortions by critics from across the political
Plans to rein in the U.S. budget deficit remain in the spotlight as the Bipartisan Policy Center's Debt Reduction Task Force released its plan to solve the debt crisis. TPC expert William Gale offers analysis of the recommendations and includes recommendations of his own.
In a contribution to the New York Times Room for Debate, Donald Marron argues that the best way for the government to raise new revenue would be to reduce and in some cases eliminate many of the exemptions, exclusions, deductions, and credits that make Swiss cheese of our tax system.
Complexity plagues the tax code for low-income families, particularly with regard to child related credits. Many analysts advocate separating out the essential functions of these credits: subsidizing work, subsidizing children, and subsidizing specifi c activities such as child care. This paper
On Wednesday, the Bipartisan Policy Center Debt Reduction Task Force—a bipartisan group of former politicians and government officials—released a plan to tame the national debt...
One of the most dramatic elements of the tax reform plan offered by the chairs of President Obama’s deficit commission, Erskine Bowles and Alan Simpson,...
Another day. Another bold and controversial tax reform plan. This is getting very interesting. Today, the privately-funded Bipartisan Policy Center (BPC) released its own far-reaching...
Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would eliminate all tax expenditures except the Child Tax Credit and
Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would eliminate all tax expenditures except the Child Tax Credit and
We link below to distribution tables for the tax reform proposal put forward by the Bipartisan Policy Center Debt Reduction Task Force on November 17, 2010. We provide estimates for the plan as it would look in 2022, 10 years after its proposed enactment, evaluated at 2018 income levels. We conduct
Critics of the deficit reduction plan offered by the co-chairs of President Obama’s fiscal commission have blasted it for being both a tax hike (bad...
Distribution of federal tax change at 2018 income levels, by cash income percentile, of Bipartisan Policy Center Tax Reform Plan for 2022, compared with current policy.
Distribution of federal tax change at 2018 income levels, by cash income percentile, of Bipartisan Policy Center Tax Reform Plan for 2022, compared with current law.
Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would eliminate all tax expenditures except the Child Tax Credit and
Preliminary distribution of 2015 federal tax change, by cash income percentile, from Option 1 as put forward by the co-chairs of the Obama fiscal reform commission. This table shows the distribution of a variant of the plan that would eliminate all tax expenditures except the Child Tax Credit and
Erskine Bowles and Alan Simpson, co-chairs of President Obama’s Deficit Commission, have released a “ Chairmen’s Mark ,” a broad plan to reduce the federal...
Fascinating to read the morning-after criticism of the tax provisions of the Bowles-Simpson deficit reduction plan . Many commentators on both the left and the...
The co-chairs of President Obama’s much-maligned bipartisan fiscal commission have proposed a remarkable plan for both reducing the federal deficit and reforming the tax code...
