Topic: About TaxVox

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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A Penny for Your Sugar: Setting a Price on Sin

By :: April 1st, 2015

What do you have to drink in your refrigerator? I’ve got kids in grade school, and our fridge always holds their favorite: Juice boxes filled with 100% apple juice. I felt pretty good about that “100%” until I looked at the label. There are 18 grams of sugar in one 6.75-ounce serving. Coca Cola? Six […]

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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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Dynamic Scoring Forum: Now We Really Need More Information

By :: February 25th, 2015

This is one of a series of guest TaxVox blog posts discussing dynamic scoring House Ways & Means Committee Chairman Paul Ryan has claimed that the House dynamic scoring rule would generate more information.  But the new rule asks for an official cost estimate that reflects only a single estimate of a bill’s supposed impact […]

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Go Team: Score 1 for Obama on Ending Tax Subsidies for College Sports

By :: February 6th, 2015

I love college sports. I really do – especially basketball. (Go Wildcats!) But I also love President Obama’s FY16 budget proposal to cut federal subsidies for premium seats at college sporting events. Federal subsidies ought to provide national benefits and there’s no evidence that boosting attendance in high-priced courtside or skybox seats does that. Let’s […]

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