Even though unemployment remains well above 9 percent, and the federal government could be doing much more to strengthen the economy, attention in Washington has turned to how best to reduce long-term federal deficits. In “How to Reduce the Deficit and Improve the Tax System without Hurting Most Families,” a new issue brief from The Century Foundation, economist and senior fellow Bernard Wasow weighs in with a solution to a significant part of the long-term deficit challenge that would be relatively pain free for low- and middle-income citizens: reform the income tax system to fix the problems with tax breaks. Download the brief.
Edition: online
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