Distributional Estimates for Bowles-Simpson Deficit Commission

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 Earned Income Tax Credit, compared with current policy. In addition to implementing the chairmen's plan, the proposal eliminates payroll tax exclusions from employer-sponsored health insurance, cafeteria plans, and employer retirement contributions.

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 Earned Income Tax Credit, compared with current policy.

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 benefit levels and eliminate all tax expenditures except the Child Tax Credit and Earned Income Tax Credit, compared with current policy.

Preliminary distribution of federal tax change at 2015 income levels, by cash income percentile, from the illustrative tax reform plan put forward by the Obama fiscal reform commission (under 2020 law), compared with current policy.