Brief Spending is Key to Tough Tax Questions
C. Eugene Steuerle
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[Financial Times] In many ways, the debate over the tax bill was simply a warm-up for the much larger budgetary issues that Congress and President George W. Bush must face over the next few years. There is little doubt that if healthcare and retirement spending increase as scheduled, taxes will in the long run go up well above levels that prevailed before the tax legislation was passed.
Research Areas Economic mobility and inequality Aging and retirement Taxes and budgets
Tags Social Security Fiscal policy Federal budget and economy