While most presidential candidates are proposing big, bold changes to the federal tax code, they seem to be paying little attention to what those revisions would mean for state and local governments. And those implications could be substantial. That, at least, was the consensus at today’s panel
An analysis lays a foundation for debate. The TPC has a new paper on the distributional effects of the President’s tax proposals . His tax cuts primarily benefit low-income single workers and families with children. Households with very high incomes and substantial capital assets would pay more. A
In one of the more dangerous fiscal developments of recent months, some on the left are defining successful deficit reduction as merely stabilizing the federal...