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A Preliminary Analysis of the 2008 Presidential Candidates' Tax Plans (Summary)

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Publication Date: June 2008

Publisher(s): Tax Policy Center

Author(s): The Tax Policy Center

Special Collection: John D. and Catherine T. MacArthur Foundation

Topic: Banking and finance (Taxation and tax policy)

Keywords: Elderly; Health Insurance; Economy; Federal Budgets & Fiscal Policy

Type: Report

Abstract:

Tax and fiscal policy will loom large in the next president's domestic policy agenda. Nearly all of the tax cuts enacted since 2001 expire at the end of 2010 and the individual alternative minimum tax (AMT) threatens to ensnare tens of millions of Americans. While a permanent fix palatable to both political parties has proven elusive, both candidates have proposed major tax changes. This summary outlines our analysis of the 2008 presidential candidates' tax plans. The full length report is also available.