Tue 2/20 eve: Leiserson and Maag on “U.S. Inequality and Recent Tax Changes”

U.S. Inequality and Recent Tax Changes
Tuesday, February 20, 2018 5:45 p.m. – 8:00 p.m.
Washington Center for Equitable Growth
1500 K Street, N.W., 8th Floor
Washington, DC, 20005
Metro: McPherson Square (15th St. exit)

Panelists:

Dr. Greg Leiserson, Director of Tax Policy and Senior Economist, Washington Center for Equitable Growth

Elaine Maag, Senior Research Associate, Tax Policy Center, Urban Institute

Light refreshments will be served at 5:45 pm, and the seminar begins at 6:00 pm. The seminar is free but reservations are required. Please email Melvyn Sacks at MelSacks@verizon.net for reservations and admittance.

The U.S. has one of the most unequal income distributions in the developed world, according to data from the Organization for Economic Cooperation and Development, after taxes and social-welfare policies are taken into account. According to a report released by the World Economic Forum, the U.S. ranks 23rd out of 30 countries for inequality, even as G.D.P. has greatly expanded following the great recession. This index measures the distribution of income and wealth and poverty.

Ms. Elaine Maag and Dr. Greg Leiserson will examine how the structure of U.S. taxes affects inequality. The U.S. Congress just passed a 1.5 trillion-dollar tax cut that many contend went mostly to corporations and the wealthy. How much will these changes in taxes contribute to inequality and what other factors affect inequality?

Greg’s slides are posted on the WCEG site.