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Home >  Short Publications >  Congress: The Investment Tax Credit, the Capital Gains Tax, and the Repeal of the Estate Tax
Congress: The Investment Tax Credit, the Capital Gains Tax, and the Repeal of the Estate Tax
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The Budget Tango
Posted: Wednesday, September 5, 2007
WATCH REPORT
National Legal Center for the Public Interest  
Publication Date: July 1, 2006

The budget process determines what Congress does on taxes and the economy. And it is actually more interesting than you would suppose.

So, if you have never heard what you are about to read, it is not because it will not determine whether the estate tax is abolished or the pension rules changed. Rather, it is because no one understands the budget process--not the media--not the congressional staff--and certainly not the senators, even the Budget Committee chairman.

The fact is that congressional Republicans currently are in the center of a parliamentary war with one another. . . .

Download file Click here to view the full text of this Watch Report as an Adobe Acrobat PDF.



Tax Policy Outlook

In this issue of Tax Policy Outlook, Robert Carroll, Alan D. Viard, and Scott Ganz explore the potential of the Bradford "X tax" as a viable, progressive consumption tax to replace the income tax.


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