Friday, August 3, 2012

U.S. President Barack Obama and Treasury Secretary Tim Geithner walk toward the rostrum to speak about tax reform at the White House in Washington May 4, 2009. (Reuters/Kevin Lamarque)

August 1, 2012Samuel Brown, William G. Gale and Adam Looney
Sam Brown, William Gale and Adam Looney examine the tradeoffs in revenue-neutral income tax reform. They conclude that any revenue-neutral individual income tax change that incorporates the features Governor Romney has proposed would provide large tax cuts to high-income households and increase the tax burdens on middle- and/or lower-income taxpayers.

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