Taxation is an enduring focus of economic policy debates. This book presents a series of policy options, authored by leading tax experts and backed by rigorous analysis, to increase federal revenue in ways that are both efficient and equitable. The policies include better tax enforcement, improved, corporate taxation, increased taxation of wealth, and taxes on some transactions.
Retirement and health-care commitments necessitate steadily rising spending at a time when the federal government is already missing other opportunities to make valuable public investments. William Gale proposes a value-added tax—paired with a refundable credit to all households—in order to raise revenue in an efficient and progressive manner.
On January 28, The Hamilton Project at the Brookings Institution hosted a forum to explore how our nation’s tax code can most effectively provide for a strong government that promotes widespread economic well-being and reduced inequality.
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.