Slide presentation: Cost benefit analysis of tax regulations
Equitable Growth’s Director of Tax Policy and Senior Economist Greg Leiserson on August 6 gave a presentation to the Office of Management and Budget’s Office of Information and Regulatory Affairs on the cost benefit analysis of tax regulations. In the presentation, Leiserson argues that the traditional “A-4 framework” for conducting cost benefit analyses does not provide useful guidance in the evaluation of tax regulations, yet a new framework for tax regulations would unavoidably implicate deeply political questions. As a result, Leiserson proposes that the analysis should emphasize transparency rather than a definitive conclusion. The focus of the quantitative analysis should be revenues, avoidance and evasion behavior, compliance costs, and distributive impacts.