Discusses the nature and analysis of lifetime tax incidence, and compares and contrasts this lifetime perspective with the more familiar annual perspective.

Examines what we do and do not know about two types of behavioral responses most critical to the consumption-tax versus income tax debate. Shows how our uncertainty about the sizes of these behavioral responses can be translated into statements of uncertainly about the economic effects of a...

This paper explores the often-neglected relationship between welfare reform and tax policy. It sets forth the objectives that underlie welfare reform, then compares expenditure-based and tax-based policy strategies that states and the federal government are taking. The examination suggests that,...

If the U.S. should limit CO2 emissions, an allowance trading policy may offer one method of achieving that goal in a cost-effective manner. The distributional effects of such a program could be large, far in excess of the actual cost to the economy. This paper examines how two key decisions that...

Uses a general equilibrium model capable of second-best analysis to investigate the net effects on efficiency of each of these changes in capital income taxation. Emphasizes that recent tax policy decisions were influenced by revenue considerations, distributional effects, and noneconomic...