Topic: About TaxVox

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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Ferguson City Finances: Not the New Normal

By :: April 8th, 2015

The recently completed US Department of Justice (DOJ) investigation into Ferguson’s police department highlighted “the City’s focus on revenue rather than … public safety needs” when setting law enforcement priorities. It noted that fines and forfeitures nearly doubled as a share of the city’s general fund revenues from fiscal years 2010 to 2015 (from 12 […]

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One Solution to California’s Drought: Tax Water

By :: April 7th, 2015

The idea is straight out of Economics 101: If you want people to do less of something, raise the price. And California desperately needs its residents and businesses to use less water. So rather than trying to curb water use through a complex maze of regulation, why not just raise the price though a new […]

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“Family Fairness Tax Reform” is Hard on Poor Families

By :: March 19th, 2015

Senators Mike Lee (R-UT) and Marco Rubio (R-FL) made a big splash with their “Economic Growth and Family Fairness Tax Plan” last month, which among other things would create a new partially refundable $2,500 per child tax credit (CTC).  The plan is ambitious and expensive, but it may hurt many low-income families with children, according […]

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Who’s Afraid of Income Taxes? New Interactive TPC Tools To Help You Understand the 1040

By :: March 18th, 2015

Need help understanding the 1040 as we enter the homestretch of this year’s tax filing season? The Tax Policy Center has created a new interactive tool to walk you through key parts of the federal income tax, ranging from the mundane to the arcane. In bite-sized pieces, Who’s Afraid of the Form 1040? discusses the main […]

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Dynamic Scoring Forum: Inside the Black Box

By :: March 17th, 2015

This is one of a series of TaxVox guest blogs discussing dynamic scoring. Whether dynamic scoring for official revenue estimates is a good or bad idea, it is now a part of scoring rules in the House. As a result, it is more compelling than ever to understand the forces that determine economic effects. Previous […]

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What if We Funded Public Education Like Affordable Care Act Health Insurance?

By :: February 27th, 2015

The Tax Policy Center’s recent panel discussion on the Affordable Care Act’s tax-based system of subsidies and penalties highlighted the convoluted way the ACA promotes health insurance. As a thought experiment, imagine if we funded public education the same way we pay for the ACA’s exchange-based insurance. Their goals are similar. Both seek to promote […]

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