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, 2012,
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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