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Full-Text Articles in Law
No Light At The End Of The Pipeline: Confusion Surrounds Legislative Courts, Maryellen Fullerton
No Light At The End Of The Pipeline: Confusion Surrounds Legislative Courts, Maryellen Fullerton
Faculty Scholarship
No abstract provided.
Fairness In Rate Cuts In The Individual Income Tax, Alan L. Feld
Fairness In Rate Cuts In The Individual Income Tax, Alan L. Feld
Faculty Scholarship
The Economic Recovery Tax Act of 1981 (the 1981 Act) made significant changes in federal income, estate, and gift taxation, touching virtually every taxpayer.1 The centerpiece of the 1981 Act consisted of rate reductions in the individual income tax.2 These reductions, said to average 23%, served a number of different but related objectives. First, those in favor of the tax cuts posited that all taxpayers would benefit from equitable, across-the-board reductions in an excessive and growing tax burden.3 Related to this objective was an anticipated reduction in the size of the federal government, because less tax money …
The 1982 Minimum Tax Amendments As A First Step In The Transition To A "Flat-Rate" Tax, Michael J. Graetz
The 1982 Minimum Tax Amendments As A First Step In The Transition To A "Flat-Rate" Tax, Michael J. Graetz
Faculty Scholarship
The massive body of tax legislation enacted in the first two years of the Reagan Administration offers little guidance for predicting the future direction of United States tax policy. Dramatically different Congressional coalitions – each led by the President – passed by very narrow margins the nation's largest tax reduction (the Economic Recovery Tax Act of 1981) and then the next year enacted the largest peacetime tax increase (the Tax Equity and Fiscal Responsibility Act of 1982). In each case, short-term political and fiscal concerns dominated the debates. The 1981 legislation reduced taxes in an effort to stimulate economic activity …