Washington, D.C. (August 26, 1999) – Declaring the nearly $800 billion tax cut recently approved by Congress "modest, balanced and fair," National Center for Policy Analysis Senior Fellow Bruce Bartlett is set to release "The Case for the Tax Cut," the most in-depth and comprehensive analysis of the tax cut package to date at a news conference Monday, August 30th at the National Press Club.
Analyzing the impact and importance of marriage penalty relief, abolishing the death tax, tax credits for research and development, indexing of capital gains and reforms to the alternative minimum tax, the NCPA study details how the average American family and the country's economic future stand to benefit from all the tax package's many provisions.
WHO: Bruce Bartlett, National Center for Policy Analysis
William Beach, Heritage Foundation
Alan Reynolds, Hudson Institute
WHAT: Press Conference "The Case for the Tax Cut"
WHEN: Monday, August 30, 1999 9:30 AM EDT
WHERE: Holeman Lounge at the National Press Club 529 14th Street, N.W. Washington, D.C.
Bartlett will be joined at the news conference by William Beach of the Heritage Foundation who will discuss the results of his own soon-to-be-released study on the impact of the congressional tax relief plan, and Alan Reynolds, director of economic research at the Hudson Institute.
Beach, director of the Heritage Foundation's Center for Data Analysis, will discuss how the tax relief will be distributed among families and businesses and how it will affect key national economic indicators including gross domestic product, total employment and personal savings and investment. He will also discuss how the tax relief plan will affect workers in the 15 most populous states based on a computer simulation and how much money a family can expect to keep under the congressional plan by 2008, according to their income level and state in which they live.
Reynolds will present an overview of the tax package's economic implications and provide answers for the package's critics.