The start of the new century witnessed a new round of income tax cuts, and post-9/11 national unity disintegrated as new budget battles ensued. It became clear that decisionmakers, media, and the public needed unbiased information to cut through political rancor on fiscal and tax policy. Scholars from the Urban Institute and the Brookings Institution established a joint Tax Policy Center, distinguished for its respected tools that evaluate and explain distributional and cost effects of competing tax reform proposals with rigorous and transparent analysis. The Tax Policy Center continues to frame the conversation about fiscal policy during election cycles, in policy debates such as the fight over the fiscal cliff, and through ongoing discussion about the future of the tax code.
The Bush-Era Tax Cuts