ANNUAL REPORT 2016 Annual Report 2016
ANNUAL REPORT 2016 Annual Report 2016 The Urban Institute, 2100 M Street NW, Washington, DC 20037 The Brookings Institution, 1775 Massachusetts Ave. NW, Washington, DC 20036 http://www.taxpolicycenter.org Letter from the Directors Tax policy was an important topic in public policy discussions A highlight of 2016 was the inaugural Donald C. Lubick in 2016, largely driven by the presidential election. Candidates Symposium, held in May, which featured an address by in the primaries and the general election offered competing Robert Stack, Deputy Assistant Secretary for International visions of how taxes should be structured and the appropriate Taxation at the US Department of the Treasury, as well as level of taxation. Throughout the turbulent process, the Tax a panel of distinguished scholars and practitioners. The Policy Center (TPC) provided timely, accessible, and objective symposium focused on how the tax policies of our major analysis for the public, the media, and policymakers. We foreign trading partners affect US businesses. This annual modeled each major candidate’s tax proposals, estimated event is a fitting tribute to our friend, mentor, and colleague their likely economic effects, and updated the analyses as the in tax policy, Don Lubick. proposals evolved. We then disseminated this work through events, commentary, and publications. During 2016, TPC made several advances to our basic toolkit, which generates many contributions to the tax We hosted three major election-related events in 2016. policy debate. We improved our models in three ways. First, A February gathering featured speeches by both House we updated and improved our microsimulation model. Ways and Means Committee Chairman Kevin Brady and Second, we implemented “dynamic analyses,” which show Senate Finance Committee Ranking Minority Member how tax proposals affect the overall size of the economy and Ron Wyden.
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