Creating a value-added tax (VAT) in the United States could raise revenue in a manner that does not distort saving and investment choices. William Gale and Ben Harris consider how a VAT could be designed to help address the nation’s fiscal challenges.
This paper proposes a policy that would increase the role of lifetime income products in future retirees’ overall retirement planning.
A two-part forum and release of a new set of policy proposals that address the challenges of reforming the U.S. tax system.
Many middle- and low-income Americans retire without having accumulated sufficient savings to enjoy a comfortable retirement. This paper proposes changing the default features of retirement savings and creating new matching programs to incentivize people to save.