Their economic circumstances. States for what about the effects of the tax cuts and job ask what is passed at the end of 2017, they particularly were worried their state Income Tax Revenues would be more volatile and do it hard to predict what the results were going to be due to shifting payments over time and changes in federal deductibility. We encourage all the audience, both those in person and those who might be watching unlighted joint in the in the conversation via social media using the liveaturban as we have on the screen here we have a great panel today ready and willing to discuss all the issues at this time and in the near future. The Panel Discussion will be followed by a questionandanswer session, so you all should write down your questions or remember your questions and youll have an opportunity to ask them of the panelists at the end of the moderated discussion. I would like to introduce the moderator for todays panel, howard gleckman, a senior fellow at the urbanbrooki
Years. That was the route to the american dream, whatever it was for families, go to college, buy a house. These trump projections, it will double and this has been painfully apparent in the labor market. We have had recovery for eight years and we have not seen anyone get a raise. We have seen anemic investment in the United States and we get repeated reminders that our companies would rather be headquartered somewhere else than the United States and all of this says to me the status quo is not working and we ought to try something different. I am open to something that is a growth oriented tax reform that will generally help the middle class. Nothing helps the middle class more than having an economy that generates jobs and a raise on a regular basis. Host when you think republicans talk about the middle class, those opposing the plan, who are you talking about . Was sort of range are you looking at . Guest the Median Income in the about 60,000,s so i am thinking about the to 50,000
Places. From 2003 to 2005, before that, worked on the president s council in the early bush administration. He was director of the chief economists for john mccains president ial campaign in 2008. Maybe we will hear a different perspective, i am sure you will hear once more destinationbased cash flow tax is all about. Or anything else he wants to talk about. [applause] it is always a pleasure. I appreciate the chance to talk about this. Time at a disadvantage. I am going to repeat things you heard. I want to talk about the prospects for tax reform, there is a definite consensus, Us Corporation income tax of chains, status quo is untenable for the foreseeable future, we need to have tax reform, in an unusual situation in 2017. One thing to think about is to get that done. We have relatively limited data on tax reform, looking at empirical evidence and what it takes to get it done, we dont do this very often. If you think back to 1986 reform, it really began in the mid1970s with people l
Places. From 2003 to 2005, before that, worked on the president s council in the early bush administration. He was director of the chief economists for john mccains president ial campaign in 2008. Maybe we will hear a different perspective, i am sure you will hear once more destinationbased cash flow tax is all about. Or anything else he wants to talk about. [applause] it is always a pleasure. I appreciate the chance to talk about this. Time at a disadvantage. I am going to repeat things you heard. I want to talk about the prospects for tax reform, there is a definite consensus, Us Corporation income tax of chains, status quo is untenable for the foreseeable future, we need to have tax reform, in an unusual situation in 2017. One thing to think about is to get that done. We have relatively limited data on tax reform, looking at empirical evidence and what it takes to get it done, we dont do this very often. If you think back to 1986 reform, it really began in the mid1970s with people l
Been a guest many times at the Tax Policy Center and were always happy to doug has held many hats. He was director of the Congressional Budget Office between 2003 and 2005 and before that worked on the president s Council Economic advisors in early Bush Administration and director of the chief economist for john mccains president ial campaign in 2008. So we will hear maybe a different perspective from doug, but any way im sure you want to hear once more what the destination base flow tax is all about or anything else he wants to talk about. [ applause ] so it is always a pleasure to come to the tax policy sent around i appreciate the chance to talk about this. Im at a little bit of a disadvantage base didnt get a chance to hear everything that preceded me so im probably going to repeat things and i apologize in advance. But i wanted to talk broadly about the prospects for tax reform beginning with echoing what pam said, theres a consensus that it has to change, we need to have tax refo