Topic: About TaxVox

Two Important New Retirement Savings Initiatives from the Obama Administration

By :: November 19th, 2015

In recent weeks, the Obama Administration has taken the two most important steps in nearly a decade to increase access to retirement savings for more than 55 million Americans who currently do not participate in a retirement saving plan. The Treasury Department’s myRA program, launched this month, will help new savers and the self-employed start […]

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“Maybe not today. Maybe not tomorrow, but soon…”

By :: November 19th, 2015

“A kiss is just a kiss…” Senator Elizabeth Warren has no love for a possible agreement on international tax reform. President Obama, for example, supports a 28 percent corporate tax rate, a 19 percent minimum tax on foreign income, and a one-time 14 percent tax on the more than $2 trillion in profits held offshore.  […]

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Treasury Plan to Aid Puerto Rico Aims High but Falls Short

By :: October 27th, 2015

Last week, the Obama Administration unveiled a far-reaching roadmap for Congress to aid the beleaguered island territory of Puerto Rico. The plan incorporated some of the best ideas floated by think tanks, independent agencies, and government task forces since the island started losing people and jobs a decade ago with the final phase-out of tax […]

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How A Carbon Tax Could Have Prevented The Volkswagen Diesel Scandal

By :: October 13th, 2015

If anyone needed another example of why a carbon tax is a good idea, look no further than Volkswagen’s diesel scandal. The automaker’s efforts to game the current system are a case study in what’s wrong with government attempts to reduce pollution with regulation and tax subsidies, rather than through a relatively straight-forward tax on […]

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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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Hillary Clinton’s Off-the-Mark Proposal to Encourage More Patient Investors

By :: July 28th, 2015

Democratic presidential hopeful Hillary Clinton has proposed to radically rejigger top capital gains tax rates to encourage investors to take a longer-term perspective. But I think she’s misdiagnosed the problem and, even if she’s right, the proposal won’t work as she expects. Her idea: Give investors a tax incentive to support productive long run investments […]

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The Uneasy Case for a Financial Transaction Tax

By :: June 30th, 2015

In recent years, there has been a resurgence of interest in an old idea—a financial transaction tax, or FTT. In a new paper, The Tax Policy Center has taken an in-depth look at the pros and cons of the levy. We’ve found that even a modest tax would raise a lot of money, and that […]

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There Are Three Certainties in Life: Death, Taxes, and Data Breaches

By :: June 3rd, 2015

Online, always: IRS hackers. They made off with data from 104,000 US taxpayers.  IRS Commissioner John Koskinen said yesterday that the data were used to file 13,000 fraudulent returns in 2015 and  might be used to file fraudulent tax returns next year too. Treasury Inspector General Russell George reiterated his suggestion that the IRS strengthen […]

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TPC Receives A Major Gift From Bob Pozen, Establishes the Pozen Director’s Chair

By :: May 5th, 2015

I am delighted to announce a major new endowment gift for the Tax Policy Center from Robert C. Pozen. His gift will establish the Pozen Director’s Chair at TPC in perpetuity.  I’m honored to be its inaugural holder. Bob is a widely respected leader in finance and public policy and author of several books. He […]

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Corporate Tax Reform and Small Business

By :: April 17th, 2015

While there is no chance that Congress will agree to broad-based tax reform before the next president takes office in 2017, lawmakers are making one last effort to enact a more narrow business-based reform. But they face a big challenge:  reforms under consideration could raise taxes paid by many small businesses. To help lawmakers understand […]

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