Topic: About TaxVox

TPC’s New 2015 Digital Look

By :: January 7th, 2015

As you might have noticed, the Urban-Brookings Tax Policy Center website just had a makeover. It’s the beginning of a process that will make our careful nonpartisan analysis more engaging and easier to find and use. First, we have designed a new logo and have given TaxVox a new look. And you will begin to […]

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House GOP Leadership Would Require Dynamic Scoring of Some Tax Bills. Will It Matter?

By :: December 24th, 2014

Last night, the House Republican leadership proposed new rules that would require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects of “major” legislation into their official budget estimates. But there may be less to these new rules for so-called “dynamic scoring” than meets the eye. The GOP did not […]

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A Repatriation Tax Holiday for US Multinationals? Four Contagious Illusions

By :: December 10th, 2014

U.S.-based multinationals hold $2.1 trillion in foreign cash and insist that the only way they can feasibly bring that money back home is if Congress grants them a tax holiday—an idea that even President Obama now appears to support. But the argument they (and the President) are making for a holiday is based on a […]

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Don’t Count the Feds Out Yet

By :: December 9th, 2014

In a provocative Washington Post column, Brookings Institution scholar Bruce Katz argues that the federal government is becoming irrelevant — especially to cities and regions where most Americans live and most economic activity takes place. While Bruce rightly identifies some areas where the feds are fading, he overstates the phenomenon. The federal government remains the […]

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How To End the Tax Extender Drama: Stop Calling Them Extenders—And Make Congress Pay For Them

By :: December 2nd, 2014

There are two simple ways to end the tiresome seasonal drama over faux-temporary tax cuts known (with a stunning lack of accuracy) as the extenders. First, call them what they are: Expired tax breaks that have been off the books for nearly a year. Second, make Congress pay for any of the special interest subsidies […]

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The Politics and Policy of Tax Extenders

By :: December 1st, 2014

‘Tis the season for bad tax policy… In what has become an annual ritual, Congress is struggling with what to do with the 70 or so “temporary” tax provisions that expired in 2013 or will expire in 2014. For a brief moment last week, there was word of a deal to make permanent the biggest […]

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Tax Deals: Will Everything Old Be New Again?

By :: December 1st, 2014

Dave Camp on tax reform: “It can be done.” Retiring House Ways & Means Chair Dave Camp remains optimistic. The Hill reports that a deal to extend expiring tax breaks could give Camp’s successor, Paul Ryan, a chance to secure broad GOP support for a tax reform plan. About that tax extender deal… The White […]

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Get the Fiscal House in Order

By :: November 20th, 2014

The Cato Institute has organized an online forum to debate pro-growth economic policy reforms. Tax Policy Center scholars Bill Gale, Donald Marron, and Eric Toder have each contributed to the discussion. As policy makers search for ways to raise economic growth and improve the living standards of future generations, a major priority should be to get […]

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It’s Not Easy to Escape the Local Pension Vise

By :: October 6th, 2014

Last week’s federal court ruling in the municipal bankruptcy case of Stockton, CA highlighted the enormous challenge faced by local governments with underfunded public pensions. There are ways out of this vise, but none are easy, and all are fraught with risks. State governments face at least a $1 trillion gap between pensions promised to […]

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Does Income Inequality Really Hurt State Tax Revenues?

By :: September 19th, 2014

This week the rating agency Standard and Poor’s got a lot of attention for a study that concluded that rising income inequality is damaging state tax revenues. Well, state tax revenue growth has slowed in recent decades and income inequality has grown. But the story is far more complicated than S&P suggests. Worse, I fear […]

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