Coming soon: THE PUBLIC OPTION (with Ganesh Sitaraman), Harvard University Press, 2019.
Federal Income Taxation: Principles and Policies (with Michael Graetz and Deborah Schenk, 8th ed. 2018). I am thrilled to have joined the author group for this casebook. As a student, I learned from this casebook, and as a teacher, I have taught from it for more than 25 years. The new edition has a new teacher’s manual with extensive problem sets.
A New Deal for Old Age (Harvard University Press 2016). Inequality isn’t just for the young any more. Some older Americans enjoy long lives, robust health, secure finances, and good job opportunities into their 70s and even 80s. But lower-paid workers, on average, face shorter lives, poor health, and financial insecurity. Social Security is a proud progressive achievement, but it wasn’t built to counter the new inequality in old age. Without reform, Social Security will not bridge the growing gap — and may widen it. A 21st-century reform agenda should include progressive retirement timing rules, a minimum benefit, and a phased retirement option.
Taxation in Six Concepts (CCH, 2nd ed. 2018). Tax doctrines rest on a handful of concepts — just six, in fact. Armed with six concepts, you can decipher the law. This book introduces the six concepts and uses them to unpack leading cases and real-world transactions. The new second edition is updated to reflect the 2017 tax legislation.
No Exit: What Parents Owe Their Children and What Society Owes Parents (Oxford University Press 2004). Healthy children need parents who stay for the long term, and a just society should recognize the economic costs that good parents incur. We can (and should) enact policies to support parents who meet their “no exit” obligations.
The Stakeholder Society (Yale University Press, 1999)(with Bruce Ackerman). Economic inequality in the United States has dramatically increased. Many, alas, seem resigned to this growing chasm between rich and poor. But what would happen if America were to make good on its promise of equal opportunity by granting every qualifying young adult a citizen’s stake of eighty thousand dollars? The distribution of wealth is currently so skewed that the stakeholding fund could be financed by an annual tax of two percent on the property owned by the richest forty percent of Americans. By summoning the political will to initiate stakeholding, we can achieve a society that is more democratic, productive, and free.