Word: jefferson
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...awards ceremony took place this weekend in Port Jefferson, New York at the Society of Professional Journalists conference for the region covering New England, New York, New Jersey and eastern Pennsylvanian...
...Bush, TIME's JYOTI THOTTAM asked a group of tax-policy experts to move beyond the current debate and imagine a simpler, more efficient federal tax system. Our Board of Economists--David Bradford of the Woodrow Wilson School at Princeton University and New York University School of Law, Philip Jefferson of Swarthmore College, Dan Mitchell of the Heritage Foundation, Trudi Renwick of the Fiscal Policy Institute and Max Sawicky of the Economic Policy Institute--produced a host of creative ideas and some surprising moments of consensus...
...JEFFERSON: Can I say why I think that is? There is a widespread perception that the current system has failed, and the biggest piece of evidence is the alternative minimum tax. The AMT already forces a lot of people to calculate their taxes twice and to pay the higher amount. By 2010 about 36 million people will fall under the AMT. I think as that starts to affect more people, they will become more conscious of the fact that something is wrong...
...JEFFERSON: I think that the President's policies are very risky to the economy. I don't see how it is really stimulating the economy. It raises questions with regard to fairness. And it raises the specter of high inflation in the future if things don't pan out exactly the way the Administration thought...
...JEFFERSON: Oh, yes. I think there should be, at least in principle, a rate structure on a consumption tax with a flat rate on businesses and increasing marginal tax rates on individuals that should yield revenue consistent with what we are collecting...