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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, including those ages 65 and older, provided they are not dependents themselves.
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.
Deficit-reduction efforts should avoid cuts in programs that serve low- and moderate-income populations.
States should not tie essential spending programs to unstable revenue sources.
Federal policymakers should develop a comprehensive system for financing Long-Term Services and Supports (LTSS) that includes a new social insurance program to provide a basic level of LTSS.