Alan D. Viard is a resident scholar at the American Enterprise Institute (AEI), where he studies federal tax and budget policy.
Prior to joining AEI, Viard was a senior economist at the Federal Reserve Bank of Dallas and an assistant professor of economics at Ohio State University. He has also been a visiting scholar at the US Department of the Treasury's Office of Tax Analysis, a senior economist at the White House's Council of Economic Advisers, and a staff economist at the Joint Committee on Taxation of the US Congress. While at AEI, Viard has also taught public finance at Georgetown University’s Public Policy Institute. Earlier in his career, Viard spent time in Japan as a visiting scholar at Osaka University’s Institute of Social and Economic Research.
Viard received his Ph.D. in economics from Harvard University and a B.A. in economics from Yale University. He also completed the first year of the J.D. program at the University of Chicago Law School, where he qualified for law review and was awarded the Joseph Henry Beale prize for legal research and writing.
Senior Economist, Federal Reserve Bank of Dallas, 1998-2006
Visiting Scholar, Office of Tax Analysis, Treasury Department, 2005
Senior Economist, President's Council of Economic Advisers, 2003-2004
Assistant Professor of Economics, Ohio State University, 1990-98
Economist, Joint Committee on Taxation, U.S. Congress, 1992-93
Tuesday's Consumer Price Index report had some important implications for taxpayers. To offset recent increases in the CPI, the incomes that taxpayers can earn before moving into higher tax brackets will be roughly 1.7 percent higher next year.
Opponents of capital income taxation must reframe the policy debate by explaining the economic disadvantages of capital income taxes and proposing alternative budgetary measures that maintain tax fairness.
In this article, Strain and Viard outline six realities that will likely shape the policy response to the long-run fiscal imbalance: defense spending, entitlements, revenue, consumption taxation, middle-income earners, and bipartisan agreement.
The Internal Revenue Service dropped a bombshell last Friday, admitting that some of its employees had singled out Tea Party groups' 501(c)(4) applications for extra scrutiny. In responding to the scandal, the first step, of course, will be to identify and discipline those who engaged in wrongdoing.