Tax Policy Center

The Tax Policy Center (TPC) is a joint venture of the Urban Institute and Brookings Institution. The Center is made up of nationally recognized experts in tax, budget, and social policy who have served at the highest levels of government.

Paying For Tax Cuts

Policy makers often act like tax cuts are free lunches that can make everyone better off.  But over the long run, tax cuts must be offset by increases in other taxes, reduced spending, or both.  This budget constraint is particularly important today, as government spending under current policy will significantly exceed government revenue even if taxes are maintained at current levels.… Read more

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