Research Report The Cost of the Tax Bill: Do We Count Fairly?
C. Eugene Steuerle
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Senior Fellow Eugene Steuerle considers 1999 tax proposals, and concludes that current law sets a baseline that can be misleading when measuring the costs of a tax bill. A different baseline would yield a very different perception of when the tax bill was costing revenues and when it was not. In the current tax bill, perhaps the most misleading of all is the long-term revenue loss pegged onto the AMT changes that mainly prevent it from taxing at a level never intended in the first place.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Federal budget and economy Campaigns, proposals, and reforms Federal tax issues and reform proposals