Transition Series:

Revenue Options

OCG-89-3TR: Published: Nov 1, 1988. Publicly Released: Nov 1, 1988.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO summarized issues relating to revenue options proposed to address the budget deficit.

GAO noted that revenue options include: (1) raising income tax rates; (2) broadening the income tax base; (3) enacting a new consumption tax; (4) increasing revenue from federal excise taxes; (5) increasing Internal Revenue Service enforcement of tax laws; and (6) increasing non-tax revenue sources. GAO believes that, since each option has both advantages and drawbacks, Congress and the administration should consider a combination of the options to reduce the federal deficit.

Oct 12, 2017

Oct 11, 2017

Oct 10, 2017

Sep 29, 2017

Sep 28, 2017

Sep 27, 2017

Looking for more? Browse all our products here