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1 Scott A. Hodge, Testimony of Scott A. Hodge before the Senate Committee on Finance [i] (2007)

handle is hein.taxfoundation/taxfaaae0001 and id is 1 raw text is: FOUNDATION Testimony of Scott A. Hodge' President Tax Foundation Submitted to the Senate Committee on Finance Can the Middle Class Make Ends Meet? Economic Issues for America's Working Families May 10, 2007 Mr. Chairman, I'm honored to have the opportunity to speak with the members of the Finance Committee about the economic challenges facing working families in America today. The Tax Foundation is the nation's oldest tax research organization. This year, we are celebrating our 7011 anniversary. The Tax Foundation is non-profit, non-partisan and accepts no government funding. Our mission is to educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government. Before we can consider what measures the Congress should take to help working families, we must first understand how different today's families are from those of 40 or 50 years ago and how demographic changes have affected the notions of who is middle- class and who is upper-income in America. Next, we also need to understand who is benefiting from government tax and spending policies and who is not. I think the results of this assessment will surprise the members of this committee and the general public. Lastly, the pending expiration of the so-called Bush tax cuts has prompted many discussions about the relative progressivity and distribution of the nation's tax burden. As we'll see, allowing those tax cuts to expire will effectively raise taxes on the same people we're talking about today, working families. If members of Congress believe our fiscal system should be more progressive, there are less economically damaging ways to achieve that goal. Indeed, progressivity and tax simplicity are not necessarily contradictory concepts.

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