WilliamGale and Peter Orszag, co-directors of the Tax Policy Center, calculate that by 2012, sunsetting tax breaks (contained in this and previous tax acts) will equal 2.4% of gross domestic product.
WilliamGale, co-directorf of the Urban-Brookings Tax Policy Center and University of California-Berkeley Professor Alan Auerbach argued in a paper published Thursday that much more deficit reduction was needed than enacted in agreements so far.