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David Gamage Addresses Social Security Fund Shortage

KPCC, Southern California Public Radio, July 15, 2010 Host Larry Mantle
http://www.scpr.org/programs/airtalk/2010/07/15/happy-birthday-social-security-near-retirees-keep-/

The overall federal budget is unsustainable by almost all projections. Social security is the single largest budget item. Essentially you can think of the federal budget as being social security, medicare, the military, interest payments on the debt, and a little bit of other stuff. You could cut everything else but those items, and, over the medium term, those budgets are still not sustainable.

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David Gamage Doubts if Targeted Tax Cuts Spur Job Growth

San Francisco Chronicle, January 6, 2010 by Wyatt Buchanan
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/06/BATA1BDI6U.DTL&type=printable

David Gamage, an assistant professor of law at UC Berkeley, said job creation is a euphemism for tax cuts for certain industries. He cast doubt on the effectiveness of that strategy. He said it is “difficult to find support for the notion” that targeted tax cuts spur job growth.

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David Gamage Laments State Lawmakers’ Rejection of Proposed Tax Reforms

San Francisco Chronicle, December 23, 2009 by Andrew S. Ross
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/12/23/BU0E1B7OVH.DTL

“I tried to get them (the Assembly committee) to focus on noncontroversial reforms like making the rainy-day fund more robust,” said David Gamage, a tax and public finance expert at UC Berkeley who advised tax commission members and testified before the committee. “I tried to suggest the baby not get thrown out with bathwater. But it all got lost.”

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David Gamage Questions Florida Gov. Charlie Crist’s Tax-Cut Claim

St. Petersburg Times, November 11, 2009 by Aaron Sharockman
http://www.tampabay.com/news/politics/stateroundup/gov-charlie-crists-claim-of-biggest-tax-cut-doesnt-add-up/1050870

“Even if this policy hadn’t been enacted, the future would look different than today,” Gamage said.

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David Gamage Explains Tax Commission’s Novel Proposal

The California Report, September 18, 2009 Host Scott Shafer
http://www.californiareport.org/archive/R909181630/a

The business net receipts tax is a way to implement something like a value-added tax at the state level. Nothing quite like this has ever been tried before. So this is a novel tax instrument relying on advances in economic theory, but it has some characteristics that are similar to sales taxes—it’s a consumption tax—and some characteristics similar to business-income taxes. It can be viewed as a hybrid between a business-income tax and a sales tax.

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David Gamage Says Part of Budget Deal Resembles Income Tax Increase

The Oakland Tribune, July 25, 2009 by Josh Richman
http://www.insidebayarea.com/ci_12914491

“It has some flavor of raising taxes without actually raising taxes,” agreed David Gamage, a tax law expert and associate professor at University of California-Berkeley’s Boalt Hall School of Law. “It may be the most obvious impact for some taxpayers because you actually see the money coming out of your paycheck, but in the context where there are only bad (state budget) options, I don’t think this is going to strike anybody as the worst option.”

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David Gamage Examines California’s Budget Woes

Radio Netherlands Worldwide, July 2, 2009 Host Marijke Peters
http://www.rnw.nl/ar/node/9585

Imagine that a business runs out of money, but still has a bunch of debts. It goes bankrupt. States can’t go bankrupt, so some bills just end up not being paid…. It’s widely agreed that California’s budgeting process is dysfunctional. The combination of the two-thirds majority rules to pass budgets and two political parties that vehemently disagree on taxes and spending, repeatedly create paralysis.

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David Gamage Describes Legal Scenario if Oakland Declares Bankruptcy

KQED-FM, Forum with Michael Krasny, June 10, 2009 Host Michael Krasny
http://www.kqed org/epArchive/R906100900

“The city’s contracts are potentially all up in the air. More or less everything the city does is reviewable by a bankruptcy judge in a bankruptcy court. The bankruptcy court can tear up contracts that otherwise the city couldn’t alter—and force the city to restructure its finances in ways that the political leaders wouldn’t necessarily approve. In fact, the last thing any entity, public or private, wants to happen is for lots of talk to be out there about bankruptcy without bankruptcy actually happening, because you get all the costs without any of the potential benefits.”

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David Gamage Examines Tax Battle between Archdiocese and City of San Francisco

San Francisco Chronicle, June 6, 2009 by Marisa Lagos
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/05/MNJ0180DCU.DTL

UC Berkeley assistant law professor David Gamage said cases such as this one are not as clear cut as both sides would like. “I would say an inquiry like this is very fact intensive,” he said. “The law recognizes that taxpayers have the right to organize their affairs to minimize their taxes, but only within the bounds of what is legal.”

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David Gamage Analyzes Budget Impact of California’s Proposition 1A

KTVU News, April 26, 2009 by Diane Guerrazzi
http://www.youtube.com/watch?v=nXTjbd0-n5c

“It’s most important long term aspect is it significantly improves California’s rainy day fund, our budget stabilization fund. What 1A requires the state to do is save more of the extra revenues that the state generates during good economic times. The idea is to give the government more flexibility to deal with downturns.”

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David Gamage Explains Consumer Inertia When Choosing Goods and Services

SF Weekly, January 14, 2009 by Peter Jamison
http://www.sfweekly.com/content/printVersion/1306440

“The literature is fairly robust on this: A large number of the people don’t switch,” said David Gamage, an expert in consumer issues and assistant law professor…. “Whatever the default option is becomes the default.”

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David Gamage Explains Californian Lawmakers’ Call for Tax Hikes on Wealthy

Christian Science Monitor, July 26, by Ben Arnoldyhttp://www.csmonitor.com/2008/0726/p25s34-uspo.html“Structural inequality has been rising at a level we haven’t seen since before the Great Depression,” says David Gamage. “And the natural response, both psychologically and economically, is to make the tax system more progressive.”

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In the News



David Gamage Addresses Social Security Fund Shortage

KPCC, Southern California Public Radio, July 15, 2010 Host Larry Mantle
http://www.scpr.org/programs/airtalk/2010/07/15/happy-birthday-social-security-near-retirees-keep-/

The overall federal budget is unsustainable by almost all projections. Social security is the single largest budget item. Essentially you can think of the federal budget as being social security, medicare, the military, interest payments on the debt, and a little bit of other stuff. You could cut everything else but those items, and, over the medium term, those budgets are still not sustainable.


David Gamage Doubts if Targeted Tax Cuts Spur Job Growth

San Francisco Chronicle, January 6, 2010 by Wyatt Buchanan
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/01/06/BATA1BDI6U.DTL&type=printable

David Gamage, an assistant professor of law at UC Berkeley, said job creation is a euphemism for tax cuts for certain industries. He cast doubt on the effectiveness of that strategy. He said it is “difficult to find support for the notion” that targeted tax cuts spur job growth.


David Gamage Laments State Lawmakers’ Rejection of Proposed Tax Reforms

San Francisco Chronicle, December 23, 2009 by Andrew S. Ross
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/12/23/BU0E1B7OVH.DTL

“I tried to get them (the Assembly committee) to focus on noncontroversial reforms like making the rainy-day fund more robust,” said David Gamage, a tax and public finance expert at UC Berkeley who advised tax commission members and testified before the committee. “I tried to suggest the baby not get thrown out with bathwater. But it all got lost.”


David Gamage Questions Florida Gov. Charlie Crist’s Tax-Cut Claim

St. Petersburg Times, November 11, 2009 by Aaron Sharockman
http://www.tampabay.com/news/politics/stateroundup/gov-charlie-crists-claim-of-biggest-tax-cut-doesnt-add-up/1050870

“Even if this policy hadn’t been enacted, the future would look different than today,” Gamage said.


David Gamage Explains Tax Commission’s Novel Proposal

The California Report, September 18, 2009 Host Scott Shafer
http://www.californiareport.org/archive/R909181630/a

The business net receipts tax is a way to implement something like a value-added tax at the state level. Nothing quite like this has ever been tried before. So this is a novel tax instrument relying on advances in economic theory, but it has some characteristics that are similar to sales taxes—it’s a consumption tax—and some characteristics similar to business-income taxes. It can be viewed as a hybrid between a business-income tax and a sales tax.


David Gamage Says Part of Budget Deal Resembles Income Tax Increase

The Oakland Tribune, July 25, 2009 by Josh Richman
http://www.insidebayarea.com/ci_12914491

“It has some flavor of raising taxes without actually raising taxes,” agreed David Gamage, a tax law expert and associate professor at University of California-Berkeley’s Boalt Hall School of Law. “It may be the most obvious impact for some taxpayers because you actually see the money coming out of your paycheck, but in the context where there are only bad (state budget) options, I don’t think this is going to strike anybody as the worst option.”


David Gamage Examines California’s Budget Woes

Radio Netherlands Worldwide, July 2, 2009 Host Marijke Peters
http://www.rnw.nl/ar/node/9585

Imagine that a business runs out of money, but still has a bunch of debts. It goes bankrupt. States can’t go bankrupt, so some bills just end up not being paid…. It’s widely agreed that California’s budgeting process is dysfunctional. The combination of the two-thirds majority rules to pass budgets and two political parties that vehemently disagree on taxes and spending, repeatedly create paralysis.


David Gamage Describes Legal Scenario if Oakland Declares Bankruptcy

KQED-FM, Forum with Michael Krasny, June 10, 2009 Host Michael Krasny
http://www.kqed org/epArchive/R906100900

“The city’s contracts are potentially all up in the air. More or less everything the city does is reviewable by a bankruptcy judge in a bankruptcy court. The bankruptcy court can tear up contracts that otherwise the city couldn’t alter—and force the city to restructure its finances in ways that the political leaders wouldn’t necessarily approve. In fact, the last thing any entity, public or private, wants to happen is for lots of talk to be out there about bankruptcy without bankruptcy actually happening, because you get all the costs without any of the potential benefits.”


David Gamage Examines Tax Battle between Archdiocese and City of San Francisco

San Francisco Chronicle, June 6, 2009 by Marisa Lagos
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/05/MNJ0180DCU.DTL

UC Berkeley assistant law professor David Gamage said cases such as this one are not as clear cut as both sides would like. “I would say an inquiry like this is very fact intensive,” he said. “The law recognizes that taxpayers have the right to organize their affairs to minimize their taxes, but only within the bounds of what is legal.”


David Gamage Analyzes Budget Impact of California’s Proposition 1A

KTVU News, April 26, 2009 by Diane Guerrazzi
http://www.youtube.com/watch?v=nXTjbd0-n5c

“It’s most important long term aspect is it significantly improves California’s rainy day fund, our budget stabilization fund. What 1A requires the state to do is save more of the extra revenues that the state generates during good economic times. The idea is to give the government more flexibility to deal with downturns.”


David Gamage Explains Consumer Inertia When Choosing Goods and Services

SF Weekly, January 14, 2009 by Peter Jamison
http://www.sfweekly.com/content/printVersion/1306440

“The literature is fairly robust on this: A large number of the people don’t switch,” said David Gamage, an expert in consumer issues and assistant law professor…. “Whatever the default option is becomes the default.”


David Gamage Explains Californian Lawmakers’ Call for Tax Hikes on Wealthy

Christian Science Monitor, July 26, by Ben Arnoldyhttp://www.csmonitor.com/2008/0726/p25s34-uspo.html“Structural inequality has been rising at a level we haven’t seen since before the Great Depression,” says David Gamage. “And the natural response, both psychologically and economically, is to make the tax system more progressive.”



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