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Tax troubles ahead.(Economics And Regulation)(Brief Article)(Book Review)

The American Enterprise

| September 01, 2004 | Lehrer, Eli | COPYRIGHT 2004 The American Enterprise, a national magazine of politics, business and culture (TEAmag.com). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Tax Troubles Ahead William Gale and Brennan Kelly, "The 'No New Taxes' Pledge," Brookings Institution and Tax Policy Center, June 4, 2004 (brookings.org)

As of the middle of 2004, 258 members of Congress (slightly less than a majority) and President Bush had signed a"Taxpayer Protection Pledge" proffered by Grover Norquist and Americans for Tax Reform. The pledge requires signers to oppose all income tax increases and cuts in deductions that are not offset by declines in marginal tax rates. In the House, clear majorities of the tax writing committees have signed the pledge. Senate committees are only one or two votes shy of a majority. The pledge, Brookings scholar William Gale and research assistant Brennan Kelly contend, adapts a "'starve the beast' approach to controlling federal finances--attempting to cut off revenue increases as a way of forcing reductions in spending."

Gale and Kelly argue the pledge is not ...

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