Calvin H. Johnson (Texas) presents Fifty Ways to Raise a Trillion at SMU today as part of its Tax Policy Colloquium Series:
The presentation focuses on contingency planning for ways to raise revenue in the impending budget crisis. The Shelf Project is a collaboration to create and develop proposals to raise revenue, when the Congress is ready, in ways that improve the fairness and efficiency of the tax system, and without either a federal sales tax or increases in income tax rates. By way of illustration, the Shelf Project has proposed disallowing deduction of the costs of tax planning and litigation. It has also proposed repeal of the Roth IRA so as to increase national savings.



