The Merger of Tax & Expenditure Policy in the 2001 Tax Legislation (Part 2 of 2): Part Two: Marginal Tax Rates

Senior Fellow Eugene Steuerle argues that in a world with multiple transfer and tax programs, one can't solve the issue of how to set tax rates unless the tax and spending sides of the budget are analyzed together, and unless phaseouts of various tax and expenditure benefits are considered along with direct statutory income tax rates.