October 15, 2015
A few weeks ago, former Governor Lincoln Chafee (D-RI) released a tax plan. The governor’s plan would do three things:
The plan is certainly not a major overhaul to the tax code like we are used to from the Republican candidates, but I believe it is a plan worth noting for its simplicity. In fact, its simplicity makes it very clear what Governor Chafee is trying to accomplish: increase the progressivity of the current tax code without raising the overall level of taxes.
Using the Tax Foundation’s Taxes and Growth model, I modeled the three components of the governor’s plan. I found that, indeed, the governor’s plan does precisely what it aims to do.
Read the full article at the Tax Foundation: Governor Lincoln Chafee’s Modest Tax Proposal