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HOW BIG IS THE FEDERAL GOVERNMENT?

Title: HOW BIG IS THE FEDERAL GOVERNMENT?
Authors: Donald Marron; Eric Toder
Contributors: The Pennsylvania State University CiteSeerX Archives
Source: http://www.taxpolicycenter.org/UploadedPDF/412528-How-Big-Is-The-Federal-Government.pdf.
Publication Year: 2012
Collection: CiteSeerX
Description: The federal government is larger than conventional budget measures suggest. Many tax preferences are effectively spending programs. Adding these spending-like tax preferences to federal outlays and receipts makes the government appear about 4 percent of GDP larger. The 1986 tax reform cut these benefits, but they have since rebounded to a larger share of GDP than before. Using this broader measure of government size, many base-broadening reforms viewed as tax increases would be reclassified as spending cuts. Raising marginal tax rates would be recorded not only as a tax increase but also as a spending increase because it would boost the value of many tax preferences. Cutting tax preferences can thus reduce the size of government, while raising tax rates would increase it. Treating user fees as government receipts rather than negative spending, finally, leads to similar changes in measures of government size. The views in this paper are those of the authors alone and do not represent the views of the Urban Institute, its board, or its funders.
Document Type: text
File Description: application/pdf
Language: English
Relation: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.259.9963
Availability: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.259.9963; http://www.taxpolicycenter.org/UploadedPDF/412528-How-Big-Is-The-Federal-Government.pdf
Rights: Metadata may be used without restrictions as long as the oai identifier remains attached to it.
Accession Number: edsbas.25DC13CD
Database: BASE