Brief Empowering the Next President
The Government We Deserve
C. Eugene Steuerle
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What if President William Howard Taft and his Congress had written laws that specified how all the governments revenues at the beginning of the 21st century were to be spent? Preposterous? Well, the laws on the books today not only dictate how all revenues collected in 2030 and beyond will be spent, they also predetermine most of the next presidents spending. No wonder the campaign promises of the presidential candidates sound hollow.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Federal budget and economy
Policy Centers Urban-Brookings Tax Policy Center