Don't Forget the Standard Deduction
8 Pages Posted: 20 Jul 2016
Date Written: March 28, 2016
The presidential candidates this campaign season are a diverse group with a wide range of tax policy proposals, but they agree unanimously about one thing: the need to limit itemized deductions. Sadly, however, none of their proposals tackles how limits on itemized deductions would affect the other side of the equation — the standard deduction — which is also very much in need of reform.
Note: processed, POSS. RPS - Katie m. 7/20/16
JEL Classification: K34
Suggested Citation: Suggested Citation