Home > Brookings Institution, business and economics, elections, government and politics, political process, taxation > Implications of Governor Romney’s Tax Proposals: FAQs and Responses

Implications of Governor Romney’s Tax Proposals: FAQs and Responses

August 23, 2012

Implications of Governor Romney’s Tax Proposals: FAQs and Responses
Source: Brookings Institution

Our recent paper examined the tradeoffs among competing goals in tax reform – including maintaining tax revenues, maintaining progressivity, and lowering marginal tax rates. As a motivating example, we estimated the degree to which individual income tax expenditures would have to be limited to achieve revenue neutrality under the individual income tax rates and other features advanced in presidential candidate Mitt Romney’s tax proposals, and how the required reductions in tax breaks could change the distribution of the tax burden across households.

In this note, we summarize our earlier results and answer a number of substantive questions we have received about the study. We also discuss new estimates that incorporate into our analysis the taxation of interest income from municipal bonds and the taxation of inside buildup in life insurance vehicles.

About these ads
Categories: Brookings Institution, business and economics, elections, government and politics, political process, taxation
Follow

Get every new post delivered to your Inbox.

Join 496 other followers

%d bloggers like this: