Chart: Revenue projections taken from CPC FY2017 budget alternative (billions of dollars) | Economic Policy Institute

Table 3

Revenue projections taken from CPC FY2017 budget alternative (billions of dollars)

												Total
	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2017–2021	2017–2026	2016–2026
Additional revenue policy adjustments (impact on primary budget deficit, billions of dollars)
Immediately revert to 36% and 39.6% rates for those above $250k/$200k. Leave in place other Bush tax cuts permanently. Enact Fairness in Taxation Act, and tax rate equalization		54	137	143	150	158	165	173	182	191	200	642	1,553	1,553
Repeal the step-up basis for capital gains at death		62	66	70	74	79	84	89	95	100	107	351	825	825
Cap the value of itemized deductions at 28%		31	50	55	60	64	68	73	77	82	86	260	646	646
End exclusion of foreign-earned income		7	7	7	8	8	8	9	9	10	10	36	83	83
Subject all pass-through entities to the self-employment tax and the 3.8% ACA Medicare tax		17	23	25	26	27	28	29	31	32	34	118	272	272
End deferral and reform foreign tax credit		71	75	79	82	87	91	95	100	105	110	393	895	895
Minor corporate tax releases		12	13	14	14	16	16	17	18	19	21	69	161	161
Limit deductibility of executive bonus pay		4	5	5	5	4	4	4	4	3	3	24	42	42
Reduce the deductibility of corporate meals and entertainment (25%)		5	7	7	7	7	7	8	8	8	8	33	71	71
Increase the excise tax on cigarettes by 50 cents per pack		3	4	4	4	4	4	4	4	4	4	17	35	35
Eliminate fossil fuel preferences (EPWA)		12	13	13	13	14	14	14	15	15	15	65	139	139
Carbon and gas tax		86	125	139	151	165	178	186	195	201	209	667	1636	1636
Financial transactions tax		62	85	87	90	93	95	98	101	105	108	417	924	924
Excise tax on systemically important financial institutions		6	11	11	11	11	12	12	12	13	13	50	111	111
Progressive estate tax reform		3	14	18	23	25	26	28	30	32	34	82	231	231

* Supplemental spending includes disaster and emergency.

Note: Numbers may not add due to rounding.

Source: Blair (2016)

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