Tax Reform and the Future of Fiscal Policy
Wednesday, February 20, 12:25-1:50 p.m.
Vanderbilt Hall, Greenberg Lounge
40 Washington Square South
After weeks of negotiations, in the first days of January, Congress and the Obama Administration struck a last-minute deal that averted the so-called “fiscal cliff”, a combination of federal tax increases and budget cuts. Yet this compromise merely deferred until March 1st “sequestration”, which will cause the military and dozens of other government agencies to face about $1 trillion in automatic budget cuts over the coming decade. And, the debt limit again looms later in the year. Did Congress make progress toward reducing our fiscal shortfalls by enacting tax increases earlier this year? What is likely to happen in the upcoming sequestration negotiations and how will it affect the economy? Is tax reform the way forward, or is it a distraction? And why do budget and tax debates appear to occur only when the clock is ticking on looming high-stakes deadlines? Join a panel of experts for a timely discussion of these questions and more as we consider approaches to addressing America’s fiscal future.
Daniel Shaviro, Wayne Perry Professor of Taxation, NYU School of Law
Joshua Blank (LL.M. ’07), Professor of Tax Practice; Faculty Director of the Graduate Tax Program, NYU School of Law