Are tax increases in our future?

The Knoxville Economics Forum will step into the middle of one of the most divisive issues of the presidential campaign at its April 20 meeting – tax increases.

Jane G. Gravelle, a specialist in the economics of taxation, is the keynote speaker. Her topic: “The Long Term Fiscal Outlook: Are Tax Increases in Our Future?”

Cutting taxes, especially corporate tax rates, are a central theme of the Republican candidates campaign, while President Barack Obama and the Democrats want to raise taxes on millionaires.

The forum is at 7:30 a.m. at Club LeConte in the First Tennessee Building, 800 S. Gay St. Tickets are $20.

As I wrote in my Sunday column in the News Sentinel, the National Association for Business Economists believes a mix of spending cuts and tax hikes are needed to eliminate the federal budget deficit. I agree.

It will be interesting to hear what Gravelle, a senior specialist in economic policy at the Congressional Research Service, has to say.

Click here for more on Gravelle and to register for the event

The nonpartisan forum was created in 2010 as an outreach of the Department of Economics at the University of Tennessee to provide a platform for discussion of economic policy.