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.

Mar 22, 2018

Mar 14, 2018

Mar 13, 2018

Mar 8, 2018

Mar 7, 2018

Feb 28, 2018

Feb 27, 2018

Feb 23, 2018

Looking for more? Browse all our products here