Topic: Bush tax cuts

How Progressive is Obama’s Tax Policy?

By :: July 23rd, 2014

Has President Obama’s tax policy reduced income inequality? It depends on what you are comparing it to. White House Council of Economic Advisors chief Jason Furman claims that President Obama’s tax policies have sharply reduced inequality. Today’s Washington Post Wonkblog featured some new tables from the Tax Policy Center that show Obama tax policy is […]

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“Common Sense” Aside, What Do We Really Know About Capital Income Taxes and Growth?

By :: March 15th, 2013

If you’re discussing tax policy with someone who asserts that his or her point is “just common sense,” this could indicate one of two things: Either no deep thought is required—as the person would have you believe. Or no deep thought has been applied. The “common sense” notion that capital income taxes hinder growth seems […]

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Taxes and Paul Ryan’s Budget

By :: March 12th, 2013

House Budget Committee Chair Paul Ryan (R-WI) has proposed a controversial  plan to balance the budget in 10 years, entirely by cutting planned spending by $4.6 trillion. While Ryan includes lots of specific spending cuts, his tax agenda is far less clear.    In some respects, the former GOP vice presidential candidate mimics the tactics […]

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Congress Kicks the Fiscal Can off the Front Stoop

By :: January 1st, 2013

In the end, it looks like Congress isn’t even going to kick the fiscal can down the road. Assuming the House passes the deal agreed to by the Senate on New Year’s Eve, lawmakers will barely get that battered tin container it off the front stoop. The agreement preserves nearly all of the 2001-2010 tax […]

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2013 May Be the Year of Perpetual Fiscal Crisis

By :: December 27th, 2012

If 2012 was the year of modest economic recovery and surprising Democratic election success, 2013 may be the year of perpetual fiscal policy crisis. After watching the still-unresolved partisan battle over the fiscal cliff, it is increasingly hard to imagine Congress and President Obama reaching anything like a big budget deal next year. Instead, it […]

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Why the Senate’s Tax Bill is No Way Out of the Fiscal Impasse

By :: December 14th, 2012

With fiscal cliff talks seemingly stalled (at least today) , there has been growing talk that House Republicans would call President Obama’s bluff and simply pass the Middle-class Tax Cut Act approved by the Senate last summer. But for all the chatter, nobody has paid much attention to what is, and is not, in that bill. […]

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Will the Payroll Tax Cut Fall Silently Off the Cliff?

By :: November 30th, 2012

If a tax cut is scheduled to expire, but the focus of the debate is elsewhere, will people notice? Will the average family be surprised when their taxes rise by $1,000 or more next year, even if most of the rest of the 2001-2003 tax cuts are extended for all but the wealthiest Americans? That’s […]

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What the Dueling Senate Bills on Expiring Tax Cuts Would Mean for Taxpayers

By :: July 25th, 2012

As early as today, the Senate is likely to vote on the first of two competing efforts to temporarily extend tax cuts passed between 2001 and 2010. Neither the Democratic nor Republican measures will pass in the hyper-partisan Senate, but it is instructive to see how the measures stack up. The short summary: The Democrats would increase […]

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Senate Democrats Would Keep Dividend Taxes Low, But Why?

By :: July 24th, 2012

Senate Democrats, who will vote this week to allow most of the 2001/2003 tax cuts to expire for high-income households, are likely to make an exception for capital gains and dividends. Under their proposal even top bracket taxpayers would pay a maximum rate on this investment income of 20 percent in 2013 (plus an additional […]

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Obama Proposes Nothing Radical on Taxes. Too Bad.

By :: July 9th, 2012

President Obama today urged Congress to extend the 2001/2003 tax cuts for households making $250,000 or less and insisted lawmakers let those provisions expire for those making more. As the president himself said, “I’m not proposing anything radical here.” He’s right. And that’s too bad.  This was an opportunity for Obama to at least tie […]

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