Citizens for Tax JusticeJuly 7, 1997
CTJ's analysis of the Finance Committee plan was conducted using the Institute on Taxation
and Economic Policy's Microsimulation Tax Model. The ITEP Model, based on a very large
sample of tax returns, census data and other data, is similar to the tax models used by the
congressional Joint Committee on Taxation and the Treasury Department. The methodological
approach used in the ITEP model is very similar to the methodology outlined in the Joint
Committee on Taxation's "Methodology and Issues in Measuring Changes in the Distribution
of Tax Burdens," 1993.
Notes: In general, proposals were analyzed using the Institute on Taxation & Economic Policy Microsimulation Tax Model. Estimates for proposed estate tax reductions are based on Joint Committee on Taxation, “Methodology and Issues in Measuring Changes in the Distribution of Tax Burdens,” 1993. Estimates for the education tax credits and savings accounts (ESAs) are estimates based on the proposed statutory rules, distribution of college-age children, college attendance rates, etc.. Child credits, education tax credits, corporate changes and excise tax hikes are shown as the average amounts over the next five years, at 1997 levels. Other provisions are shown fully effective at 1997 levels.
Citizens for Tax Justice, July 7, 1997
Brief Description and Comments on the Major Provisions of the Senate-Passed 1997 Tax Plan
Explanation of Differences Between CTJ and Congressional Distributional Tables and Comparison with Treasury's Analyses
More CTJ Analysis of the '97 Budget Agreement Tax Bills