Wednesday, February 12, 2014
Jason Oh (UCLA) presents The Pivotal Politics of Temporary Tax Legislation at Toronto today as part of its James Hausman Tax Law and Policy Workshop Series:
Crucial to the debates surrounding temporary tax legislation are two types of uncertainty. Will the temporary provision be renewed when it is scheduled to expire? If it is renewed, will the temporary provision change? This article explicitly models the renewal of temporary legislation by extending a political science model of the legislative process. This allows a specification of the conditions under which such uncertainties are likely to be significant. Thus, we can begin to sort temporary provisions that are functionally permanent from those that are truly temporary. This has important consequences for several debates including how temporary legislation is scored for budgetary purposes.