Federal tax policy - Pechman, Joseph A. (Brookings Institution, 1987)
Includes bibliographical references (pages 400-420) and index
Features of the U.S. Tax System -- - Goals of Taxation -- - Taxes and Economic Policy -- - Stabilization Policy -- - Fiscal Policy -- - Built-in Stabilizers -- - The High-Employment Surplus or Deficit -- - Adjusting Expenditures and Taxes to Promote Stability -- - Automatic Budget Rules -- - Monetary Policy -- - Rational Expectations -- - Policies to Promote Economic Growth -- - Achieving Full Employment and Stable Prices -- - Raising the Growth Rate -- - The Debt Burden -- - The Tax Legislative Process -- - Executive Preparation of a Tax Bill -- - The Bill in Congress -- - The Ways and Means Committee -- - House Approval -- - The Senate Finance Committee -- - The Senate Debate -- - The Bill in Conference -- - Presidential Action -- - Improving the Process -- - Simplifying the Tax Law -- - Representation of the Public Interest -- - Reforming the Tax Structure -- - Consideration of Overall Fiscal Policies -- - The Individual Income Tax -- - The Structure of the Federal Income Tax -- - Adjusted Gross Income and Taxable Income -- - Tax Rates -- - Reporting Requirements -- - Methods of Tax Payment -- - Final Tax Reconciliation -- - Possible Modification of the Current Payment System -- - Economic Effects -- - Role as Stabilizer -- - Work Incentives -- - Effect on Saving -- - Structural Problems -- - Personal Exemptions -- - The Negative Income Tax -- - Personal Deductions -- - Transfer Payments and Wage Supplements -- - The Family -- - The Aged -- - Earned Income -- - Indexing for Inflation -- - Capital Gains and Losses -- - Saving Incentives -- - State and Local Government Bond Interest -- - Income Averaging -- - Minimum Tax