Posts Tagged ‘Domenici-Rivlin’

The Real Lesson About Capping Itemized Deductions

The Tax Policy Center is back in the political cauldron, this time in the wake of its new research that looks at the revenue and distributional effects of caps on itemized deductions. TPC’s aim was to analyze an interesting idea that could find its way into future tax reform plans. Its conclusion was a mix of good […]

What the Joint Tax Committee Really Said About Tax Reform

On Friday, congressional Democrats released the results of a new analysis of base-broadening, rate-cutting tax reform by the Joint Committee on Taxation. For reformers everywhere the results seemed exceedingly grim: By eliminating all deductions, Congress could reduce tax rates by only a puny 4 percent without adding to the deficit. The top tax rate, for instance, […]