- Joined
- Apr 29, 2012
- Messages
- 17,858
- Reaction score
- 8,338
- Location
- On an island. Not that one!
- Gender
- Undisclosed
- Political Leaning
- Socialist
A study by the Tax Policy Center on the Romney tax reform proposals
Summary
Link to PDF of the paper
authors:
Adam Looney is the policy director of The Hamilton Project and senior fellow in Economic Studies at the Brookings Institution.
William G Gale is the Arjay and Frances Miller Chair in Federal Economic Policy at Brookings, previously he was a professor of Economics at UCLA, and a senior staff economist for the Council of Economic Advisers under President George H.W. Bush
Samuel Brown, Research Associate, Brookings Institution. previously worked at the Federal Reserve Board, where he analyzed federal receipts, federal outlays, and state budgetary conditions.
Summary
On the Distributional Effects of Base-Broadening Income Tax Reform
This paper examines the tradeoffs among three competing goals that are inherent in a revenue-neutral income tax reform—maintaining tax revenues, ensuring a progressive tax system, and lowering marginal tax rates—drawing on the example of the tax policies advanced in presidential candidate Mitt Romney’s tax plan. Our major conclusion is that any revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers.
Link to PDF of the paper
authors:
Adam Looney is the policy director of The Hamilton Project and senior fellow in Economic Studies at the Brookings Institution.
William G Gale is the Arjay and Frances Miller Chair in Federal Economic Policy at Brookings, previously he was a professor of Economics at UCLA, and a senior staff economist for the Council of Economic Advisers under President George H.W. Bush
Samuel Brown, Research Associate, Brookings Institution. previously worked at the Federal Reserve Board, where he analyzed federal receipts, federal outlays, and state budgetary conditions.