What's On the Table?

WHAT'S ON THE TABLE? A full à la carte menu of options is available to the parties seated at the evemue bargaining table. Some have a taste for rates, while others prefer a nice deduction cap or expenditure limit. With $800 billion and $1.6 trillion proposals already on the table, what do you think the revenue target should be? Help them split the tab and order up a compromise, picking from both sides of the menu. Sheck evenue venue Touests Da 12/ Amo ΑΡΡETIZER DEDUCTION ENTRÉES CAPITAL GAINS $806 Limit itemized deductions. Choose one: Raise capital gains and dividends rate for top carners 5 percentage points (to 20%) DEDUCTION LIMITS $690b EXEMPTION PHASE-OUT $40b Revert to Clinton-era deduction limit and limit value of all tax expenditures to 28% Reinstate personal exemption phase-out or... RATE ENTRÉES CAP FOR TOP EARNERS $450b Cap deductions, exept for charitable contributions, at $25SK for high income only Raise rates on personal income over $200K/S250K. Choose one: or.. CLINTON RATES $440b CAP FOR ALL $750b Cap all itemized deductions at $50K for all Top two ordinary income rates return to Clinton-era levels (36% / 39.6%) Date Laxpayers or... 09 THE TWO PERCENT $180b DESSERT Raise top nate by 2 percentage points (to 37%) on the top 2% of taxpayers CHAINED CPI $80b Index tax parameiers to chained CPI ESTATE TAX $140b a deal. Return estate tax to its 2009 level (45% rate; $3.5 million exlusion) Rovenue estimates from the President's 2013 budget; Committeo for a Rosponsiblo Federal Budget, the Tax Policy Center; and the White House. Baseline is current policy. O 2012 Third Way. Free for re-use with attributionlink. For more, please visit wiww.thitdway.org. Infographic by Bill Rapp with David Brown. ) third way fresh thinking WHAT'S ON THE TABLE? A full à la carte menu of options is available to the parties seated at the evemue bargaining table. Some have a taste for rates, while others prefer a nice deduction cap or expenditure limit. With $800 billion and $1.6 trillion proposals already on the table, what do you think the revenue target should be? Help them split the tab and order up a compromise, picking from both sides of the menu. Sheck evenue venue Touests Da 12/ Amo ΑΡΡETIZER DEDUCTION ENTRÉES CAPITAL GAINS $806 Limit itemized deductions. Choose one: Raise capital gains and dividends rate for top carners 5 percentage points (to 20%) DEDUCTION LIMITS $690b EXEMPTION PHASE-OUT $40b Revert to Clinton-era deduction limit and limit value of all tax expenditures to 28% Reinstate personal exemption phase-out or... RATE ENTRÉES CAP FOR TOP EARNERS $450b Cap deductions, exept for charitable contributions, at $25SK for high income only Raise rates on personal income over $200K/S250K. Choose one: or.. CLINTON RATES $440b CAP FOR ALL $750b Cap all itemized deductions at $50K for all Top two ordinary income rates return to Clinton-era levels (36% / 39.6%) Date Laxpayers or... 09 THE TWO PERCENT $180b DESSERT Raise top nate by 2 percentage points (to 37%) on the top 2% of taxpayers CHAINED CPI $80b Index tax parameiers to chained CPI ESTATE TAX $140b a deal. Return estate tax to its 2009 level (45% rate; $3.5 million exlusion) Rovenue estimates from the President's 2013 budget; Committeo for a Rosponsiblo Federal Budget, the Tax Policy Center; and the White House. Baseline is current policy. O 2012 Third Way. Free for re-use with attributionlink. For more, please visit wiww.thitdway.org. Infographic by Bill Rapp with David Brown. ) third way fresh thinking