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The 2001 Tax Legislation From a Long-Term Perspective

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  • Steuerle, C. Eugene

Abstract

Even after passage of the 2001 legislation, federal taxes as a share of gross domestic product will fall well within the narrow range that has prevailed since the end of World War II. The bill brought to light the danger of bifurcating the tax and expenditure sides of the budget, and conflicts over progressivity and marginal tax rates could not be resolved without drawing expenditures into the analysis and the bill itself. Finally, whether taxes in the long run go up or down is to a large extent still to be determined by the future direction of entitlement programs.

Suggested Citation

  • Steuerle, C. Eugene, 2001. "The 2001 Tax Legislation From a Long-Term Perspective," National Tax Journal, National Tax Association;National Tax Journal, vol. 54(3), pages 427-432, September.
  • Handle: RePEc:ntj:journl:v:54:y:2001:i:3:p:427-32
    DOI: 10.17310/ntj.2001.3.01
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