{"action":"created","issue":{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/867","repository_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator","labels_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/867/labels{/name}","comments_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/867/comments","events_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/867/events","html_url":"https://github.com/open-source-economics/Tax-Calculator/pull/867","id":171964673,"number":867,"title":"Cap benefits from deductions at a percent of deductible expenses ","user":{"login":"MattHJensen","id":8301092,"avatar_url":"https://avatars.githubusercontent.com/u/8301092?v=3","gravatar_id":"","url":"https://api.github.com/users/MattHJensen","html_url":"https://github.com/MattHJensen","followers_url":"https://api.github.com/users/MattHJensen/followers","following_url":"https://api.github.com/users/MattHJensen/following{/other_user}","gists_url":"https://api.github.com/users/MattHJensen/gists{/gist_id}","starred_url":"https://api.github.com/users/MattHJensen/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/MattHJensen/subscriptions","organizations_url":"https://api.github.com/users/MattHJensen/orgs","repos_url":"https://api.github.com/users/MattHJensen/repos","events_url":"https://api.github.com/users/MattHJensen/events{/privacy}","received_events_url":"https://api.github.com/users/MattHJensen/received_events","type":"User","site_admin":false},"labels":[{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/labels/in%20progress","name":"in progress","color":"ededed"}],"state":"open","locked":false,"assignee":null,"assignees":[],"milestone":null,"comments":21,"created_at":"2016-08-18T18:09:29Z","updated_at":"2016-10-03T15:59:49Z","closed_at":null,"pull_request":{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/pulls/867","html_url":"https://github.com/open-source-economics/Tax-Calculator/pull/867","diff_url":"https://github.com/open-source-economics/Tax-Calculator/pull/867.diff","patch_url":"https://github.com/open-source-economics/Tax-Calculator/pull/867.patch"},"body":"This is still work in progress as I am generating results to compare against TPC's estimate from their [analysis](http://www.taxpolicycenter.org/publications/analysis-hillary-clintons-tax-proposals) of Clinton's tax plan. \r\n\r\nIn the meantime, I'll welcome anyone's feedback on the implementation. "},"comment":{"url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/comments/251146737","html_url":"https://github.com/open-source-economics/Tax-Calculator/pull/867#issuecomment-251146737","issue_url":"https://api.github.com/repos/open-source-economics/Tax-Calculator/issues/867","id":251146737,"user":{"login":"MattHJensen","id":8301092,"avatar_url":"https://avatars.githubusercontent.com/u/8301092?v=3","gravatar_id":"","url":"https://api.github.com/users/MattHJensen","html_url":"https://github.com/MattHJensen","followers_url":"https://api.github.com/users/MattHJensen/followers","following_url":"https://api.github.com/users/MattHJensen/following{/other_user}","gists_url":"https://api.github.com/users/MattHJensen/gists{/gist_id}","starred_url":"https://api.github.com/users/MattHJensen/starred{/owner}{/repo}","subscriptions_url":"https://api.github.com/users/MattHJensen/subscriptions","organizations_url":"https://api.github.com/users/MattHJensen/orgs","repos_url":"https://api.github.com/users/MattHJensen/repos","events_url":"https://api.github.com/users/MattHJensen/events{/privacy}","received_events_url":"https://api.github.com/users/MattHJensen/received_events","type":"User","site_admin":false},"created_at":"2016-10-03T15:59:49Z","updated_at":"2016-10-03T15:59:49Z","body":"@martinholmer inspired me to read more closely how CBO is treating the Pease limitation in their 28% limitation experiment. [Here](https://www.cbo.gov/sites/default/files/cbofiles/attachments/49638-BudgetOptions.pdf) is what they say (pg 33): \r\n\r\n> This option considers three alternative approaches **that would replace the Pease limitation** with broader restrictions on the total amount of itemized deductions that taxpayers are allowed to take. \r\n\r\nThis indicates to me that CBO includes Pease repeal in the baseline when they estimate the value of the 28% limitation. \r\n\r\nWith Pease repeal in the baseline, TC calculates that a 28% limitation on itemized deductions would raise $15.4 billion in 2020. CBO estimates it would raise $15 billion in 2020. \r\n\r\nMy recommendation is that we merge this PR as is, unless others have additional stylistic feedback. \r\n\r\n@martinholmer, what do you think? \r\n\r\n\r\n\r\n"}}
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