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

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Budget--United States.

Budget.

Fiscal policy.

Revenue.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

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. Considers possible reintroduction of PEP and Pease as part of deficit reduction efforts, including economic evaluation of their simplicity, convenience, efficiency, and equity

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Deficit Reduction

Publisher Number:

CRS-2011-GVF-0311

Access Restriction:

Restricted for use by site license