TY  - JOUR
AU  - Feldstein, Martin S
TI  - Raising Revenue by Limiting Tax Expenditures
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 20672
PY  - 2014
Y2  - November 2014
DO  - 10.3386/w20672
UR  - http://www.nber.org/papers/w20672
L1  - http://www.nber.org/papers/w20672.pdf
N1  - Author contact info:
Martin S. Feldstein
E-Mail: N/A user is deceased
M1  - published as Martin Feldstein. "Raising Revenue by Limiting Tax Expenditures," in Jeffrey R. Brown, editor, "Tax Policy and the Economy, Volume 29" University of Chicago Press (2015)

M3  - presented at "Tax Policy and the Economy", September 18, 2014
AB  - Limiting tax expenditures can raise revenue without increasing marginal tax rates. Such a policy is equivalent to reducing government spending now done as subsidies through the tax code for a wide range of household spending and income. This paper explores one way of limiting tax expenditures: a cap on the total reduction in tax liabilities that each individual can achieve by the use of deductions and exclusions.  The analysis describes the revenue effects and the distributional consequences of such a cap, and examines the sensitivity of these results to various design features.
ER  -