Renu Zaretsky

Renu Zaretsky is a writer for the Urban-Brookings Tax Policy Center. She publishes The Daily Deduction, TPC’s news and research digest. The Daily Deduction posts Monday through Friday, or Mondays when Congress is in recess. Twitter: @RenuZ

Spending Caps? What Spending Caps?

By :: January 30th, 2015

Up next week: The President’s Budget. President Obama will release his budget  for fiscal year 2016 on Monday. The plan would increase spending above the sequester limits of  the Budget Control Act of 2011. Steep cuts were triggered in 2013 when Congress failed to reach a budget deal, but were then temporarily suspended thanks to […]

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“Money Is Like Manure… Not Worth a Thing Unless It’s Spread Around.”

By :: January 29th, 2015

TPC shows how President Obama would redistribute income from the rich to the poor. The President will release his budget next week, and with it, a tax plan analyzed by the Tax Policy Center. TPC’s Howard Gleckman explains that under the plan, after- tax income would increase by about $175 in 2016 for households making […]

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If You Tax It Will They Change?

By :: January 28th, 2015

“There’s no tax-driven move in baseball!” At least not for ace starting pitcher Max Scherzer. He recently signed to play for the Washington Nationals for $210 million and there’s been speculation that DC’s tax laws helped seal the deal. TPC’s Richard Auxier reminds us that taxes are a little like curveballs: They are not always […]

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Who Deserves a [Tax] Break Today?

By :: January 27th, 2015

Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include  macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it ought to be limited to a few big bills […]

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Got Growth? Dynamic Scoring, Deductions and Governors

By :: January 26th, 2015

The GOP says it wants a revolution, but who’s going to change the world? Long touted as a way to prove that tax cuts can pay for themselves by the economic growth they generate, “dynamic scoring” of federal legislation is no simple task. Today’s TPC-Hutchins Center on Fiscal and Monetary Policy webcast at Brookings examines […]

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Corporate Tax Reform: No Easy Fixes

By :: January 23rd, 2015

Territorial tax systems abroad may not be good models for corporate reform here. A new TPC paper warns against drawing quick and easy conclusions from the territorial tax systems in other developed countries. While Senate Finance Committee Chairman Orrin Hatch and House Ways and Means Committee Chairman Paul Ryan find the idea attractive, the research found […]

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Tax Policy and Politics: More of the Same

By :: January 22nd, 2015

Wait, are Ds and Rs really on the same page? In remarks yesterday, Treasury Secretary Jack Lew expressed optimism for a business tax overhaul, noting a “great deal of overlap” between the White House framework and recent Republican proposals. House Ways and Means Chairman Paul Ryan agreed that there are areas where Democrats and Republicans […]

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Taxing the Rich: It’s a Plan Abroad, Too

By :: January 21st, 2015

The State of the Union: Tax reform depends on where you are sitting. In his State of the Union Address last night, President Obama called on Congress to address wealth inequality through the tax code, largely by increasing the capital gains tax and imposing a bank tax to fund tax relief for middle-income earners. Senate […]

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To Build a Better Tax Code, You Could Follow the Money

By :: January 20th, 2015

Death and taxes: Inevitable, but not always paired. President Obama wants to change that. In a wide-ranging tax plan he’ll highlight at tonight’s State of the Union address, he’d close “arguably the biggest loophole in the tax code for high-wealth households,” says TPC’s Len Burman. Len explains the significance of the plan’s treatment of capital […]

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Congress, on Retreat with a Small Step toward Tax Reform

By :: January 16th, 2015

The Daily Deduction will return Tuesday, after the Martin Luther King, Jr., holiday. The Senate Finance Committee has created five new working groups for tax reform. The bipartisan groups will address provisions of the tax code that relate to individuals, businesses, savings and investment, international issues, and community development and infrastructure. Each must complete its […]

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