Deficit Reduction : The Economic and Tax Revenue Effects of the Personal Exemption Phaseout (PEP) and the Limitation on Itemized Deductions (Pease).

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Budget--United States.

Budget.

United States.

Fiscal policy.

Revenue.

Income tax.

Physical Description:

1 online resource (1 online resource (13 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2011.

System Details:

text file

Summary:

Describes personal exemption phaseout (PEP) and limitation on itemized deductions (Pease), both tax provisions included in P.L. 101-508, the Omnibus Budget Reconciliation Act of 1990, and subsequently phased out by P.L. 107-16, the Economic Growth and Tax Relief Reconciliation Act of 2001, because both provisions raised taxes on high-income taxpayers. Provides economic evaluation of PEP and Pease with regard to their simplicity, convenience, efficiency, and equity.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed May 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Deficit Reduction

Access Restriction:

Restricted for use by site license.