Desperately Seeking Revenue
| Autor: | Roberton Williams, Katherine Lim, Rosanne Altshuler |
|---|---|
| Rok vydání: | 2010 |
| Předmět: |
Economics and Econometrics
Economic policy media_common.quotation_subject budget deficit tax reform individual taxation ComputingMilieux_LEGALASPECTSOFCOMPUTING jel:H60 Tax reform jel:H20 Laffer curve ComputingMilieux_GENERAL Tax revenue Deficit spending Tax credit Accounting Debt Economics State income tax Revenue Finance media_common |
| Zdroj: | National Tax Journal. 63(2):331-51 |
| Popis: | In August 2009 the Congressional Budget Office warned that the budget was on an unsustainable path. Preventing federal debt from growing faster than the economy over the long-run requires large increases in revenues and/or decreases in spending. We explore, using the Urban-Brookings Tax Policy Center Model, whether incremental reforms of the current tax system could raise enough revenue to reduce the deficit to a sustainable level over the last five years of the current 10-year budget window. We conclude that feasible tax increases within the current tax structure cannot generate sufficient revenues to bring federal budget deficits under control. |
| Databáze: | OpenAIRE |
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