The Economics of Federal Tax Policy

January 28, 2020
Tax Policy & Budget


The federal government faces increasing revenue needs driven by the aging of the population and emerging challenges. But the United States collects less revenue than it typically has in the past and less revenue than other governments do today. In addition, how the government raises revenue—not just how much it raises—has critical implications for economic prosperity. This chapter provides a framework for assessing tax policies and understanding their implications for growth and economic inequality.


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