CRS Report for CongressPrepared for Members and Committees of Congress Deficit Reduction: The Economic and Tax Revenue Effects of the Personal Exemption Phaseout (PEP) and the Limitation on Itemized Deductions (Pease) Thomas L. Hungerford Specialist in Public Finance February 1, 2013 Congressional Research Service 7-5700 www.crs.gov R41796 .c11173008
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