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Fri, 16 Oct 2009 00:00:00 GMT
Gary Burtless addresses the idea of a tax credit for job creation, concluding that although the idea is attractive, it is not one that has a conspicuous record of success. The closest analogy to the kind of job creation tax incentive now under discussion is the 1970s era New Jobs Tax Credit, which demonstrated that creating a well designed subsidy is difficult if not impossible.
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Mon, 04 May 2009 00:00:00 GMT
President Obama has embraced the idea of tax reform and created an independent commission, but told its members to work within the confines of current policy. Can there be meaningful reform that doesn't raise income taxes on 95 percent of taxpayers? William Gale discusses this and other issues regarding tax reform.
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Thu, 05 Mar 2009 00:00:00 GMT
Almost all of the G-20 countries have agreed to some type of fiscal stimulus plan to get their economies back on track but how strong are the plans and what measures are included? Eswar Prasad and Isaac Sorkin analyze the G-20 stimulus plans in detail in new research.
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Sun, 21 Dec 2008 00:00:00 GMT
Jeffrey R. Kling and William J. Congdon agree with the Obama stimulus proposal that increasing expenditures and decreasing taxes can stimulate the economy, but that spending on “shovel ready” infrastructure and human capital to diversify the targets of stimulus dollars will expedite the process while keeping waste to a minimum.
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Wed, 17 Dec 2008 00:00:00 GMT

If policy-makers prefer speedy and administratively simple tax relief, a payroll tax cut has much to recommend it. However, argues Gary Burtless, if they want to target tax relief on taxpayers who are most likely to spend it in the short run, then a temporary cut in income taxes is the way to go.
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Fri, 05 Dec 2008 08:45:00 GMT
Event Information:
- December 05, 2008, 8:45 AM to 4:30 PM

A new administration presents an ideal opportunity to reshape the nation’s tax code. Improving the equity, simplicity and efficiency of the tax system will help to better prepare taxpayers, businesses and the economy for the challenges that lay ahead. Brookings, the Urban-Brookings Tax Policy Center and Tax Analysts co-hosted a forum to explore timely policy recommendations for the incoming president and his transition team.
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Wed, 02 Jul 2008 00:00:00 GMT

Isabel Sawhill presents leading presidential candidates' positions on issues of fiscal responsibility, including: taxes, government programs and budgetary process issues . This chart is part of a series of issue indices to be published during the 2008 presidential election cycle.
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Mon, 30 Jun 2008 00:00:00 GMT
William Gale, Doug Elmendorf, Jason Furman and Benjamin Harris reexamine the distributional effects of the 2001 and 2003 tax cuts, incorporating the financing of the tax changes, and the implications of behavioral responses for economic growth, incomes, and well-being factors. Compared with the standard analysis, this “dynamic distributional analysis” shows that the benefits of these tax cuts were much smaller, on average, and much more skewed toward people with higher incomes.
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Tue, 13 May 2008 00:00:00 GMT

Taxpayers are overwhelmed by complexity, real and imagined, in the tax code. Testifying before the Senate Finance Committee, William Gale said that, although the need to simplify the tax system is one goal that everyone accepts, every year the system becomes more complex.
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Fri, 18 Jan 2008 12:03:44 GMT
Both the White House and Capitol Hill are laying out strategies to stimulate the nation’s economy. Hamilton Project Director Jason Furman assesses President Bush’s proposal for tax rebates and business tax cuts.
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Tue, 02 Oct 2007 16:27:44 GMT
The one thing that everyone agrees on is that taxes shouldn’t be so complicated. Yet every year, they get more complex. William Gale explains how the next president can move quickly to make the tax code simple, equitable, stable and promote economic growth.
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Tue, 18 Sep 2007 12:45:00 GMT
Event Information:
- September 18, 2007 at 12:45 PM
The Tax Policy Center and Brookings's Opportunity 08 project hosted Senator Barack Obama for a speech on the economy, opportunity and tax policy.
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Thu, 06 Sep 2007 00:00:00 GMT
Hamilton Project Director Jason Furman testified before the House Ways and Means Committee on fair and equitable tax policy for America's working families.
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Wed, 01 Aug 2007 00:00:00 GMT

In this third edition of his classic book The Federal Budget, Allen Schick examines how surpluses projected during the final years of the Clinton presidency turned into oversized deficits under George W. Bush.
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Thu, 01 Mar 2007 00:00:00 GMT

Exceeding $2 trillion annually, health care spending in the United States is growing significantly faster than the national economy. If left unchecked, this health spending crisis will threaten Americans' ability to pay for other essential services.
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Wed, 07 Feb 2007 09:30:00 GMT
Event Information:
- February 07, 2007, 9:30 AM to 11:00 AM
A distinguished panel of experts offered their bipartisan plan of spending cuts and revenue enhancements to balance the budget in the next five years, and set the nation on a sustainable fiscal course for the long run. Participants included G. William Hoagland, former director of budget and appropriations for former Senate Majority Leader Bill Frist (R-Tenn.); Charles Stenholm, former Member of Congress from Texas; and Isabel Sawhill, a Brookings senior fellow.
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Wed, 31 Jan 2007 00:00:00 GMT
Testimony by Jason Furman (1/31/07)
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Tue, 23 Jan 2007 00:00:00 GMT
In his State of the Union address, President Bush will propose to replace most current tax exclusions and deductions for health insurance premiums and out-of-pocket costs with a new $15,000 standard deduction ($7,500 for single people) in the federal income tax-as well as an exemption from payroll taxes-for all taxpayers who obtain qualifying health insurance. The plan would eliminate the current bias in favor of health insurance obtained through employers, provide tax incentives for the purchase of health insurance in the private market, and reduce current tax incentives to over-spend on healthcare services. As designed, the proposal would be revenue neutral over ten years, after which it would generate a growing stream of revenue.
The innovative plan is a major step toward improving the efficiency of the market for health insurance. By severing the link between work and insurance, it would offer everyone the same tax incentives to obtain insurance coverage and limit spending on health care. Whether it would succeed in meeting its objectives in a fair way is less clear.
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Sun, 03 Dec 2006 00:00:00 GMT
Opinion by Peter Orszag (12/3/2006)
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Thu, 28 Sep 2006 00:00:00 GMT
Testimony by Peter Orszag, Senate Budget Committee (9/28/06)
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Sun, 30 Apr 2006 00:00:00 GMT
Opinion by Isabel V. Sawhill, The Philadelphia Inquirer (4/30/06)
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Sun, 16 Apr 2006 00:00:00 GMT
Opinion by Diane Lim Rogers, The Boston Globe (4/16/06)
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Sun, 02 Apr 2006 00:00:00 GMT
Opinion by Diane Lim Rogers and Andrew L. Yarrow, The Baltimore Sun (4/2/06)
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Fri, 10 Feb 2006 00:00:00 GMT
Event Summary on The President's Budget and the Long-Term Fiscal Outlook (February 10, 2006)
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Wed, 01 Feb 2006 00:00:00 GMT

This book provides an economic assessment of the Bush administrations past and ongoing drive for tax cuts. William Gale and Peter Orszag, noted scholars in tax policy, provide historical context for the administrations tax policy and examine its ef
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Wed, 01 Feb 2006 00:00:00 GMT
This paper looks back at the efforts after 1981 to resolve the conflict over how to reduce the budget deficit. Large and sustained budget deficits have re-emerged as a central focus of the debate over U.S. economic policy. The parallels between today's situation and the large deficits of the 1980s are striking in several dimensions. Is it possible that history will simply repeat itself, and a return to the budget discipline of the 1990s will again restore balance?
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Fri, 27 Jan 2006 00:00:00 GMT
Opinion by Isabel V. Sawhill, Baltimore Sun (1/27/06)
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Mon, 05 Dec 2005 00:00:00 GMT
Article by Leonard E. Burman and William G. Gale, Tax Break (12/5/05)
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Fri, 02 Dec 2005 08:30:00 GMT
Event Information:
- December 02, 2005, 8:30 AM to 1:30 PM
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Thu, 01 Dec 2005 00:00:00 GMT

The Evolving Pension System examines the foundations and the future of the private pension system. It provides a broad overview of the underlying assumptions, characteristics, and effects of existing pension policy, as well as alternative view
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Thu, 01 Dec 2005 00:00:00 GMT
Article by Leonard E. Burman and Wiliam G. Gale, Economists' Voice (December 2005)
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Sat, 12 Nov 2005 00:00:00 GMT
Opinion by Isabel V. Sawhill and Andrew L. Yarrow, Los Angeles Times (11/12/05)
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Mon, 07 Nov 2005 00:00:00 GMT
Opinion by Henry J. Aaron and George A. Hacker, Knight-Ridder Newspapers (11/7/05)
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Sat, 01 Oct 2005 00:00:00 GMT
The basic description of a desirable tax system is broadly accepted: It should raise the revenues needed to finance government spending in a manner that is as simple, equitable, stable, and conducive to economic growth as possible. Although people agree that the current system clearly falls short of at least some of these goals, it is not easy to point to examples around the world that work much better. In addition, how the system should be reformed is subject to enormous controversy. People define the underlying goals differently—notions of fairness, for example, are clearly "in the eyes of the beholder." People disagree on the most effective policies for attaining a particular goal, such as more economic growth. And most importantly, people have differing value judgments, which make agreement on policy almost impossible in the nearly ubiquitous case where there are tradeoffs among the goals.
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Tue, 13 Sep 2005 00:00:00 GMT
Testimony by William G. Gale, United States Senate Committee on Finance (9/13/05)
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Thu, 21 Jul 2005 00:00:00 GMT
Opinion by William G. Gale, The Washington Examiner (7/21/05)
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Fri, 01 Jul 2005 00:00:00 GMT
Under traditional formulations, lower capital income tax rates reduce the user cost of capital and stimulate investment. The traditional approach, however, implictly or explicitly considers a revenue-neutral reduction in capital income taxation. We extend the traditional approach by considering a reduction in taxes that generates an increase in the budget deficit; the expanded budget deficit raises interest rates and the opportunity cost of investment. This provides a mechanism through which tax cuts can raise the cost of capital. Representative calculations show that, even with relatively modest interest rate effects, the net effect of making the Administration's recent tax cuts permanent or a 10-percent reduction in individual income tax rates would be to raise the user cost of capital. Thus, sustained tax cuts can raise the cost of capital and reduce investment.
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Fri, 03 Jun 2005 09:30:00 GMT
Event Information:
- June 03, 2005, 9:30 AM to 11:30 AM
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Mon, 16 May 2005 00:00:00 GMT
Article by William G. Gale, Tax Break (5/16/05)
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Sun, 01 May 2005 00:00:00 GMT

In this second volume of Restoring Fiscal Sanity, a group of policy experts focus on how to bring spending and revenues in line over the next decade, and even more important, how to balance them over the longer term. They suggest reforms in th
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Mon, 18 Apr 2005 00:00:00 GMT
Article by Leonard E. Burman, William G. Gale, and Jeffrey Rohaly, Tax Break (4/18/05)
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Wed, 13 Apr 2005 00:00:00 GMT
Book edited by Alice M. Rivlin and Isabel V. Sawhill (4/13/05)
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Sat, 05 Mar 2005 00:00:00 GMT
Opinion by Paul C. Light; New York Times (3/5/05)
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Thu, 03 Mar 2005 00:00:00 GMT
Interview with William G. Gale, NewsHour with Jim Lehrer (3/3/05)
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Mon, 21 Feb 2005 00:00:00 GMT
Opinion by Michael E. O'Hanlon and Isabel V. Sawhill, The Japan Times Online (2/21/05)
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Wed, 01 Dec 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, New Economy (December 2004)
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Mon, 29 Nov 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (11/29/04)
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Mon, 29 Nov 2004 09:00:00 GMT
Event Information:
- November 29, 2004, 9:00 AM to 11:45 AM
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Mon, 15 Nov 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (11/15/04)
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Mon, 08 Nov 2004 00:00:00 GMT
Article by by William G. Gale and Peter R. Orszag, Tax Notes (11/8/04)
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Mon, 01 Nov 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (11/1/04)
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Wed, 20 Oct 2004 00:00:00 GMT
With a war to fight, the baby boom generation approaching retirement, and huge deficits looming ahead, we cannot afford the tax cuts that some thought affordable four years ago.
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Mon, 18 Oct 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (10/18/04)
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Fri, 15 Oct 2004 00:00:00 GMT
Fiscal issues, upstaged by terrorism and war, have not been prominent in the 2004 election campaign, but they are certain to dominate the next presidency and government at all levels.
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Wed, 06 Oct 2004 00:00:00 GMT
Testimony by William G. Gale, House Committee on the Budget (10/6/04)
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Mon, 04 Oct 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (10/4/04)
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Mon, 27 Sep 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (9/27/04)
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Sun, 19 Sep 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Minneapolis Star Tribune (9/19/04)
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Mon, 13 Sep 2004 00:00:00 GMT
Testimony by Peter R. Orszag, House Budget Committee Forum (9/13/04)
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Mon, 13 Sep 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag, Tax Notes (9/13/04)
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Mon, 06 Sep 2004 00:00:00 GMT
Article by Alan J. Auerbach, William G. Gale, and Peter R. Orszag, Tax Notes (9/6/04)
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Wed, 01 Sep 2004 00:00:00 GMT
Article by Alice M. Rivlin, Foreign Policy (September/October 2004)
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Wed, 01 Sep 2004 00:00:00 GMT
Article by William G. Gale, Encyclopedia of Taxation (September 2004)
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Sun, 01 Aug 2004 00:00:00 GMT
Paper by William G. Gale and Peter R. Orszag (August 2004)
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Fri, 23 Jul 2004 00:00:00 GMT
Opinion by Isabel V. Sawhill, Akron Beacon Journal (7/23/04)
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Thu, 22 Jul 2004 00:00:00 GMT
Testimony by William G. Gale, House Committee on the Budget (7/22/04)
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Thu, 01 Jul 2004 00:00:00 GMT
Brookings Policy Brief #135 by William G. Gale, J. Mark Iwry and Peter R. Orszag. (July 2004)
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Wed, 23 Jun 2004 00:00:00 GMT
Event Summary. (6/23/04)
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Wed, 23 Jun 2004 09:00:00 GMT
Event Information:
- June 23, 2004, 9:00 AM to 11:30 AM
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Mon, 07 Jun 2004 00:00:00 GMT
Paper by William G. Gale and Laurence J. Kotlikoff (5/21/04)
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Fri, 04 Jun 2004 00:00:00 GMT
Paper by William G. Gale and Brennan Kelly (6/04/04)
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Thu, 03 Jun 2004 00:00:00 GMT
Paper by William G. Gale, Peter R. Orszag, and Isaac Shapiro (6/03/04)
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Tue, 18 May 2004 00:00:00 GMT
Event summary of the briefing on exploring and debating a number of possible options to help address these fiscal challenges before it is too late. (5/18/04)
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Tue, 18 May 2004 08:45:00 GMT
Event Information:
- May 18, 2004, 8:45 AM to 11:30 AM
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Tue, 27 Apr 2004 00:00:00 GMT
Event Summary on restoring fiscal sanity. (4/27/04)
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Tue, 27 Apr 2004 12:00:00 GMT
Event Information:
- April 27, 2004, 12:00 PM to 2:00 PM
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Fri, 16 Apr 2004 00:00:00 GMT
Speech by Peter R. Orszag (4/16/04)
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Thu, 15 Apr 2004 00:00:00 GMT
Notions of a politically segregated nation obscure the increasing intermixture of people in metropolitan America.
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Mon, 08 Mar 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag (3/8/04)
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Mon, 01 Mar 2004 00:00:00 GMT
Brookings Policy Brief #130 by Alice M. Rivlin and Isabel V. Sawhill. (March 2004)
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Mon, 16 Feb 2004 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag (2/16/04)
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Wed, 04 Feb 2004 00:00:00 GMT
Opinion by William G. Gale and Peter R. Orszag (2/4/04)
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Wed, 04 Feb 2004 00:00:00 GMT
Testimony by Henry J. Aaron (2/4/04)
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Wed, 04 Feb 2004 00:00:00 GMT
William Gale and Peter Orszag examine the president's 2004 budet proposal, his tax cut proposals, and offer their own suggestions for balancing the budget over time.
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Tue, 03 Feb 2004 00:00:00 GMT
Testimony by Peter R. Orszag (2/3/04)
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Wed, 21 Jan 2004 00:00:00 GMT
William Gale and co-authors examine the effects of making President Bush's tax cuts permanent.
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Wed, 21 Jan 2004 00:00:00 GMT
Opinion by Leonard E. Burman, William G. Gale, Jeffrey Rohaly, and Matthew Hall, Tax Policy Center (1/21/04)
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Tue, 13 Jan 2004 00:00:00 GMT
Book edited by Alice M. Rivlin and Isabel V. Sawhill (1/13/03)
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Tue, 13 Jan 2004 00:00:00 GMT
Event summary of the Restoring Fiscal Sanity: How to Balance the Budget briefing at Brookings.
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Tue, 13 Jan 2004 15:30:00 GMT
Event Information:
- January 13, 2004, 3:30 PM to 5:30 PM
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Thu, 01 Jan 2004 00:00:00 GMT
Article by William G. Gale, The Milken Institute Review (Winter 2004)
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Tue, 16 Dec 2003 10:00:00 GMT
Event Information:
- December 16, 2003, 10:00 AM to 11:30 AM
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Wed, 10 Dec 2003 10:00:00 GMT
Event Information:
- December 10, 2003, 10:00 AM to 11:30 AM
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Fri, 07 Nov 2003 00:00:00 GMT
Online Debate between Peter R. Orszag and David Hale Hosted by The New Republic (11/7/03)
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Mon, 06 Oct 2003 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag (10/06/03)
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Mon, 22 Sep 2003 00:00:00 GMT
Article by William G. Gale and Peter R. Orszag (9/22/03)
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Mon, 28 Jul 2003 00:00:00 GMT
Article by Alan J. Auerbach, William G. Gale, and Peter R. Orszag (7/28/03)
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Thu, 24 Jul 2003 00:00:00 GMT
Testimony by William G. Gale (7/24/03)
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Tue, 22 Jul 2003 00:00:00 GMT
Paper by Peter R. Orszag (7/22/03)
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Mon, 23 Jun 2003 00:00:00 GMT
Opinion by Carol Graham and Peyton Young, Boston Globe (6/23/03)