Documents/NCFRR/2: Tax Reform/2.1.2: Deficit Reduction

2.1.2: Deficit Reduction

Dedicate $80 billion to deficit reduction in 2015 and $180 billion in 2020.

Other Information:

In additional to reducing rates, reform must be projected to raise $80 billion of additional revenue (relative to the alternative fiscal scenario) in 2015 and $180 billion in 2020. To the extent that the dynamic effects of tax reform result in additional revenue beyond these targets, excess funds must go to rate reductions and deficit reduction, not to new spending.

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