many on the left, we recognize that progressive policies must be fiscally sound and grounded The Progressive Policy Institute (PPI) believes in economic pragmatism to make government that the best way to promote opportunity for work for working Americans now and in the all Americans and tackle the nation’s many future. [...] At the end of the report is to shift the burden of taxation from working an appendix with 10-year and 30-year fiscal and savings to consumption and unearned estimates for each individual policy. [...] Make the Individual Income Tax Code allowing businesses to immediately deduct the Simpler and More Progressive cost of investments they make in equipment, The 2017 Tax Cuts and Jobs Act was a massive construction, and research like they already do for giveaway to the wealthy at the expense of most other expenses. [...] We also propose reforms to workers and future generations, who will have equalize the tax treatment of stock buybacks with to bear the burden of paying the debt used to dividends, curtail the abuse of nonprofit status finance it. [...] To further promote tax simplicity and Contrary to the claims of “America First” neo- progressivity, we propose to permanently isolationists, America is stronger and more expand the standard deduction to reduce the prosperous when it stands with our democratic number of households that have to itemize and allies and engages with global markets.
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Table of Contents
- BEN RITZ LAURA DUFFY 1
- PROGRESSIVE POLICY INSTITUTE 1
- JULY 2024 1
- Fig. 1 2
- I. Replace Taxes on Work with Taxes on Consumption and Unearned Income 3
- II. Make the Individual Income Tax Code Simpler and More Progressive 4
- III. Reform the Business Tax Code to Promote Growth and International Competitiveness 4
- IV. Secure Americas Global Leadership 4
- V. Strengthen Social Securitys Intergenerational Compact 5
- VI. Modernize Medicare 5
- VII. Cut Health-Care Costs and Improve Outcomes 5
- VIII. Support Working Families and Economic Mobility 6
- IX. Making Housing Affordable for All 6
- X. Rationalize Safety-Net Programs 7
- XI. Improve Public Administration 7
- XII. Manage Public Debt Responsibly Fig. 2 7
- 17.1 18.4 8
- 22.9 8
- PERCENT OF GDP 8
- CURRENT LAW 8
- 2045 8
- PPI PROPOSAL 8
- 2045 8
- 22.9 23.4 8
- 25.9 8
- CURRENT LAW 8
- 2025 8
- PPIs full Blueprint for Cutting Costs Boosting Growth and Expanding American Opportunity can be found at httpswww.progressivepolicy.orgpublicationbudgetblueprint 8
- Ben Ritz 9
- Laura Duffy 9
