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USC Law to Host Fiscal Conference
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- Elizabeth Garrett
- Photo/Bill Youngblood
By Gilien Silsby on January 8, 2010 8:10 AM
Some of the nation’s leading economists, budget policy experts and tax authorities will meet at the USC Gould School of Law this month to assess the nation’s looming fiscal crisis and look at the challenges facing the country over the next decade.
The Jan. 15 conference, hosted by the USC-Caltech Center for the Study of Law and Politics and the Urban-Brookings Tax Policy Center, will bring together experts to evaluate the causes of the current crisis, the magnitude of the challenge facing the country in the next decade and possible responses by the federal government and the states.
“We are bringing together the country’s most rigorous and creative scholars to look at the economy from all angles,” said Elizabeth Garrett, co-director of the USC-Caltech Center and a professor of law, political science and public policy. “We expect that the scholars and others interested in national and state fiscal policy - an issue important to us now and to future generations of Americans - will find this interdisciplinary analysis stimulating.”
Four panels will discuss key issues related to the long-term fiscal crisis, including the anatomy of the long-term fiscal crisis; the federal budget process and the demand for revenue; the fiscal crisis in the states; and the role of health entitlements in the fiscal crisis at all levels of government.
Each panel will include presentations of two papers, a comment on those papers by a participant and ample time for audience discussion on the topic.
Edward Kleinbard, USC Law professor and former chief of staff of the Joint Committee on Taxation in Washington, D.C., will speak on tax expenditure framework legislation.
His paper looks beyond the now widely understood observation that tax expenditures are a substitute for direct government spending. Two of his concerns: How did tax expenditures grow to the point where they are as large as total income tax revenues and how can budget processes be reformed to address the issue?
“It is time to bring tax expenditures from a sideshow into the main tent of the budget process,” he said.
A conference schedule and list of participants is available at http://lawweb.usc.edu/centers/cslp/fiscalcrisis.cfm
To attend the conference, register at http://www.urban.org/events/other3/rsvp.cfm
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