Lawmakers should maintain the tax-deferred status of employer-provided pensions as a critical way of promoting retirement savings.
The threshold for the medical expense deduction should be kept as low as possible.
Congress and the states should extend the EITC to workers with low incomes who have no dependents regardless of age, provided they are no
States and localities should carefully evaluate the effectiveness of the incentives they offer to attract or retain businesses.
Policymakers should retain estate and inheritance taxes as important components of our tax structure.
Federal and state estate and inheritance taxes should affect only the largest transfers.
When considering bond financing, state and local policymakers should:
Policymakers should not increase the taxation of Social Security benefits. People with low and moderate incomes should be exempt from paying tax on their benefits.
States should simplify estate planning. This includes allowing the use of electronic wills or trusts to govern the distribution of property at death.
States should expand laws on durable powers of attorney to: