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, and Tax Hound, a blog series that helps make sense of tax policy for those outside the tax world and connects tax issues to everyday concerns. The Daily Deduction posts Monday through Friday, or Mondays when Congress is in recess. Tax Hound posts the first Wednesday of the month. Twitter: @RenuZ

On Taxes and Cost Containment

By :: October 2nd, 2015

The “Cadillac tax” has a loyal pit crew. A bipartisan group of 101 economists and health experts have co-signed a letter urging Congress to retain the tax on high-cost health insurance plans. A bipartisan group of lawmakers is moving to kill the Affordable Care Act levy, which is scheduled to take effect in 2018. Backers […]

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No October Surprise, So Far

By :: October 1st, 2015

On the Hill… The Senate and House passed funding bills to keep the government open through December 11, with just the usual minutes to spare. Now that that’s taken care of, the Senate Finance Committee holds a hearing today on improper payments in federal programs. Comptroller General of the United States Gene Dodaro will testify. […]

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Thirty days, goodbye September, shutdown talks? Maybe in December.

By :: September 30th, 2015

About that possible government shutdown… The Senate passed a continuing resolution to fund the government through December 11. Senate Majority Leader Mitch McConnell and outgoing Speaker of the House John Boehner will meet with President Obama “soon” for budget negotiations, and the House is on track to approve a short-term spending bill, too. Now Congress […]

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Not October yet, but, oh, the tax tricks and treats!

By :: September 29th, 2015

Donald Trump unveiled his tax plan—is it going to “cost him a fortune?” He has a tax cut for nearly everybody, but the highest income households would likely be the biggest beneficiaries. And his plan would likely add trillions to the national debt over the next decade, concludes TPC’s Howard Gleckman. But while Trump details […]

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A Resignation, and… Resignation

By :: September 28th, 2015

Speaker of the House John Boehner resigns. His resignation—in the wake of a conservative effort to overthrow him—increases the chances that Congress will fund the government at current levels through December 11 and avoid a shutdown this week. The Senate plans to approve a 10-week continuing resolution today. The biq question is what happens next: […]

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Fairness, Cheating, and Certainty

By :: September 25th, 2015

Next week on the Hill… Maybe a shutdown, maybe not, and also a couple of Senate Finance Committee hearings. On Tuesday, the panel will hold a hearing on Puerto Rico’s debt crisis. On Thursday, it will consider improper payments made through federal programs including Medicare, Medicaid, and the Earned Income Tax Credit. On the campaign […]

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A lawmaker's work is never done.

By :: September 24th, 2015

On the Hill today… The Senate plans to vote on a continuing resolution to fund the government from October 1 through December 11. The continuing resolution includes a provision to defund Planned Parenthood, a move that could actually cost $130 million over 10 years because the government would have to pay for more unplanned births, according […]

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That bipartisanship has sailed, for now.

By :: September 23rd, 2015

Remember that bipartisan disdain for the carried interest loophole? Don’t count on its demise anytime soon. GOP lawmakers are willing to discuss it as part of broader tax reform, but it will not be a part of budget negotiations in advance of the October 1 government shut down-deadline. Democratic Senators want Treasury to set its […]

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Inversions, Schools, and Supermarkets

By :: September 22nd, 2015

Inversion rules are on hold, for now. It’s been a year since Treasury warned that it would crack down on corporate inversions—buying a share of foreign company and using its mailing address to garner a lower tax rate. Why so long a wait? “I think the Treasury is simply stymied,” said TPC’s Steve Rosenthal. “For […]

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Time Keeps Ticking, States Keep Cutting

By :: September 21st, 2015

On the Hill: A Freeze, a Pontiff, and a Looming Deadline. The House voted to freeze funding for Planned Parenthood, hoping it could help avert a shutdown by appeasing 31 seemingly-unappeasable Republicans who want to defund the organization completely. Meanwhile, the Iran deal remains a sore point. Congress has until September 30—or five business days […]

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