Working Paper
Did the 2017 Tax Reform Discriminate against Blue State Voters?
Leiseca, Michael; Auerbach, Alan J.; Ye, Victor; Altig, David E.; Higgins, Patrick C.; Koehler, Darryl; Terry, Ellie; Kotlikoff, Laurence J. (2019-04-01)
The Tax Cut and Jobs Act of 2017 (TCJA) made significant changes to corporate and personal federal income taxation, including limiting the SALT (state and local property, income and sales taxes) deductibility to $10,000. States with high SALT tend to vote Democratic. This paper estimates the differential effect of the TCJA on red- and blue-state taxpayers and investigates the importance of the SALT limitation to this differential. We calculate the effect of permanent implementation of the TCJA on households using The Fiscal Analyzer: a life-cycle, consumption-smoothing program incorporating ...
FRB Atlanta Working Paper , Paper 2019-7

Conference Paper
Tax policy and corporate borrowing
Auerbach, Alan J. (1989)
Conference Series ; [Proceedings] , Volume 33 , Pages 136-172

Journal Article
Assessing fundamental tax reform
Smetters, Kent; Auerbach, Alan J.; Walliser, Jan; Altig, David E.; Kotlikoff, Laurence J. (1998-01)
A look at how some basic tax reform proposals stack up against four, sometimes competing, requirements laid out by President Clinton in a December 1997 speech: Is the proposal fiscally responsible? Will it be good for the economy? Will it lead to a simpler tax system? And finally, is it fair to all Americans?
Economic Commentary , Issue Jan

Journal Article
Generational accounts: a new approach to fiscal policy evaluation
Gokhale, Jagadeesh; Auerbach, Alan J.; Kotlikoff, Laurence J. (1991-11)
A discussion of why budget deficits are inadequate measures of the long-run effect of fiscal policy on intergenerational redistributi- on, and an assertion that policy evaluation would be better served by looking at generational accounts.
Economic Commentary , Issue Nov

Journal Article
Assessing the impact of income tax, social security tax, and health care spending on U.S. saving rates
Gokhale, Jagadeesh; Auerbach, Alan J.; Kotlikoff, Laurence J. (1992-10)
An assessment of the effects of proposed reductions in income and Social Security taxes on middle-income Americans and of cuts in health care spending, using the generational accounting method to examine their likely impact on both current and future national saving rates.
Economic Review , Volume 28 , Issue Q IV , Pages 13-21

Journal Article
Generational accounts and lifetime tax rates, 1900-1991
Gokhale, Jagadeesh; Auerbach, Alan J.; Kotlikoff, Laurence J. (1993-01)
An update of the baseline generational accounts reported in the 1993 federal budget that extends the analysis to lifetime net tax rates--the taxes that a generation pays, less the Social Security and other transfer benefits that it receives, as a share of income over its entire lifetime.
Economic Review , Volume 29 , Issue Q I , Pages 2-13

Journal Article
The 1995 budget and health care reform: a generational perspective
Gokhale, Jagadeesh; Auerbach, Alan J.; Kotlikoff, Laurence J. (1994-01)
A presentation of the baseline generational accounts for 1992, estimating both the effect of the Omnibus Budget Reconciliation Act of 1993 and the further impact of the Clinton administration's health reform proposal.
Economic Review , Volume 30 , Issue Q I , Pages 20-30

Journal Article
Restoring generational balance in U.S. fiscal policy: what will it take?
Gokhale, Jagadeesh; Auerbach, Alan J.; Kotlikoff, Laurence J. (1995-01)
A study of the magnitudes of tax increases, transfer cuts, or reductions in government purchases that would be needed to rectify the huge imbalance in the generational stance of U.S. fiscal policy, concluding that congressionally proposed outlay reductions in nondefense and non-Social Security spending would still be insufficient to bridge the gap.
Economic Review , Issue Q I , Pages 2-12

Working Paper
Social security and Medicare policy from the perspective of generational accounting
Gokhale, Jagadeesh; Auerbach, Alan J.; Kotlikoff, Laurence J. (1992)
An application of the generational accounting method of fiscal policy analysis to projected spending paths for Social Security and Medicare suggesting that, under realistic assumptions for these programs, future generations as well as current young Americans could bear a significantly larger share of the burden of government spending than previously thought.
Working Papers (Old Series) , Paper 9206

Working Paper
The annuitization of Americans' resources: a cohort analysis
Gokhale, Jagadeesh; Sabelhaus, John Edward; Auerbach, Alan J.; Weil, David N.; Kotlikoff, Laurence J. (1994)
An analysis of the changes since 1960 in the share of Americans' resources that are annuitized, which has declined slightly for younger Americans but has risen dramatically for the elderly, with important implications for the national saving rate and income inequality.
Working Papers (Old Series) , Paper 9413