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Issue Brief

Publication Type 

July 15, 1998

Reducing the Marriage Penalty--A Good Way to Cut Taxes?

The purpose of this issue brief is to focus on how changing the tax treatment of married couples would affect the economy. As background, the first section explains how the tax code and marital status interact. The next section estimates the economic and revenue consequences of four proposals
while the last section discusses whether reducing marriage penalties makes for good tax policy.

May 13, 1998

Congress' $1 Trillion Opportunity

 Recently released figures lead us to estimate that the federal budget surplus could be roughly $1 trillion higher than Congress expected when it drafted the bi-partisan budget deal at this time last year. We believe that at least half of this $1 trillion windfall (but preferably all of it) should be returned to taxpayers via a very large tax cut enacted immediately.

April 15, 1998

The New Schedule D--As in "Disaster"

New requirements to track additional asset holding periods have greatly increased the complexity in calculating capital gains taxes. Our researchers, Gary and Aldona Robbins, point out the reasons why these added complications are totally unnecessary.

December 22, 1997

Let 50 Flowers Bloom: Welfare Reform in the States

Have you ever thought of vacationing in Hawaii and not coming back? Should you decide to do this and be unable to find a job, never fear - you can fare well on welfare. In Hawaii, 88.8 percent of the 'poor' collect welfare benefits rather than seek work--a higher percentage than any other state. Why? Hawaiians can draw up to $664 weekly ($34,528 annually) on a permanent vacation or work for average local wages and earn $476 weekly ($24,752 annually.) Which would you choose? The 'poor' do make rational economic decisions in deciding whether or not to seek work. The success of 'workfare' programs bears this out.

November 3, 1997

What to Do With Budget Surpluses? Here's a Clue

Two words: Tax cuts. Surpluses should not be used for new government spending, or for paying down the national debt. They should be used to help return the overall tax burden to a reasonable level.

June 18, 1997

An Analysis of the House Ways & Means Tax Bill

The tax proposals approved by the House Ways and Means Committee give 75 percent of the individual tax cuts to taxpayers with less than $75,000 in adjusted gross income (AGI). Because they only pay 38% of all income taxes, this makes the tax package progressive. Contrary to those critics who believe this is a tax cut for the rich, the bill achieves a delicate balance between growth and political considerations. Though most of the tax cuts are directed at the middle class, growth generated by the bill would essentially offset the revenue loss over the next ten years.

April 9, 1997

A Bridge Too Far: President's Tax Proposals Take Us in the Wrong Direction

In his fiscal year 1998 budget, President Clinton has proposed a hodgepodge of targeted tax credits, tax deductions, tax cuts and tax increases. Problem is, the tax credits, tax deductions, and tax cuts have "sunset" provisions, meaning that if balanced budget goals are not achieved, they will expire in 2001. But--you guessed it--the tax increases go on indefinitely. There's no "sunset" for them if the budget balances.

October 10, 1996

An Analysis of the Clinton Tax Proposals

An analysis of the likely economic and budgetary effects of the major provisions demonstrates that targeting tax cuts is a move in the wrong direction.

September 20, 1996

Another Look at the Kennedy Tax Cuts -- What Can We Learn from the Tax Policy of the 1960s?

This is a comprehensive examination of the Kennedy tax cut program, beginning with the changes in depreciation rules in 1962. The conclusion is that the Kennedy tax cuts clearly stimulated the incredible economic growth and job creation of the 1960s, despite the charges of recent critics. And economic growth only slowed when taxes began rising again toward the end of the decade.

September 4, 1996

An Analysis of the Dole-Kemp Tax Cuts

Candidates Bob Dole and Jack Kemp have proposed a dramatic tax cut plan that is designed to stimulate increased economic growth, remedy the decline in the value of the dependent deduction, and reduce the punitive treatment of capital gains. An analysis demonstrates that the plan is likely to achieve its goals, and only requires a spending cut of less than 2% to pay for itself.


Total Records: 65



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