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)

View the underlying data on epi.org.