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What does REMI say? sm Tax PI. what does REMI say? sm Shortfalls in the U.S.

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Presentation on theme: "What does REMI say? sm Tax PI. what does REMI say? sm Shortfalls in the U.S."— Presentation transcript:

1 what does REMI say? sm Tax PI

2 what does REMI say? sm Shortfalls in the U.S.

3 what does REMI say? sm Economic-Fiscal Dilemma States are in a dual crisis – Economic – Fiscal Fiscal crisis solution options – Raise taxes – Cut government spending Economic crisis problems – Fiscal solution options harm economy

4 what does REMI say? sm Tax PI Features Dynamic Responses – Behavioral Responses – Year-by-year effects Detailed Sectors Variables specific to tax changes

5 what does REMI say? sm Model Overview

6 what does REMI say? sm Model Integration

7 what does REMI say? sm Elasticities for US in 2008 StateState elasticity AL AK0 AZ AR CA CO CT DE DC FL0 GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO StateState Elasticity MO MT NE NV0 NH1.178 NJ NM NY1.501 NC ND OH OK OR PA RI SC SD0 TN TX0 UT VT VA WA0 WV WI WY0 US1.4491

8 what does REMI say? sm Tax PI Model Linkages

9 what does REMI say? sm Distinguishing Model Features Incorporates transparent and robust economic linkages built on proven methods and theory Each model is custom built to match regional client specificity Measures economic impacts and responsive demographic and economic changes over time Model incorporates four unique quantitative methodologies IntegratedDynamic StructuralCustomized

10 what does REMI say? sm Importing Tax Data

11 what does REMI say? sm Tax Inputs and Variables

12 what does REMI say? sm Policy Variables

13 what does REMI say? sm Representative Clients Our Taxation-Focused Client Base Includes: Ernst & Young Iowa Department of Revenue & Finance Iowa Legislative Fiscal Bureau Massachusetts Department of Revenue Rhode Island Department of Revenue Texas Comptroller of Public Accounts Texas Legislative Budget Board Utah Governors Office of Planning & Budget

14 what does REMI say? sm Contact Us Headquarters: 433 West Street, Suite 4 Amherst, MA TEL: FAX: District Office: th St. NW, Suite 700 Washington, DC TEL:


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