Archive for the ‘Mitt Romney’ Category

Dave Camp’s Most Valuable Contribution to Tax Reform

House Ways & Means Committee chair Dave Camp’s most important contribution to the tax reform debate may be this: By proposing a specific, transparent, and fully-realized reform plan, he has made it far tougher for others to credibly promise trillions of dollars in tax cuts without either describing how they’d pay for them or acknowledging […]

A Disappointing Presidential Campaign Comes to an End

With the U.S. facing huge domestic policy challenges, one might have hoped for a serious debate on fiscal issues between Barack Obama and Mitt Romney. One would have been deeply disappointed. Rather than framing what seem to be profoundly different views of government, the candidates chose to double-down on what Bill Clinton memorably called the […]

What is Mitt Romney’s Tax Plan?

With the presidential campaign finally reaching a soggy finish, TaxVox is taking a final pre-election look at the tax policies of Barack Obama and Mitt Romney. Last week, we described Obama’s tax policy platform. Here is a rundown of Mitt Romney’s tax agenda. The elevator speech: Romney favors multiple tax cuts for individuals and would reduce […]

The Ten Biggest Differences between the Romney and Obama Tax Plans

When it comes to taxes, Mitt Romney and Barack Obama are almost perfect mirror images of one another. Here are ten ways their tax plans are different. Romney’s tax agenda is ambitious and opaque. Obama’s is modest but relatively transparent. Obama has shown little interest in broad-based tax reform. Romney wants to fundamentally rewrite the […]

Understanding TPC’s Analysis of Limiting Deductions

The Tax Policy Center’s new tables showing the revenue and distributional effects of capping itemized deductions have received a great deal of attention since we released them on Tuesday. Our results show that capping deductions can raise a large amount of revenue in a quite progressive manner. Capping deductions could thus be an important component […]

Five Things You Should Know about Mitt Romney’s “$5 Trillion Tax Cut”

You’ve probably heard claims that Mitt Romney wants to cut taxes by $5 trillion. Here are five things you should know about that figure: 1. $5 trillion is the gross amount of tax cuts he has proposed, not the net impact of all his intended tax reforms. Governor Romney has been very specific about the […]

Can Romney Cut Taxes for the Rich Without Reducing Their Share of Taxes? Yes, but….

President Obama says Governor Romney will cut taxes for high-income households by $250,000. Romney counters that under his plan, the rich will pay the same share of taxes they do today. Who’s right? It all depends on what plan you are looking at and what you are measuring. The first problem is the two candidates […]

What Did We Learn from the Presidential Debate? Not Much.

The breathlessly-hyped debate between President Obama and Governor Romney left me with an empty feeling. There were many words–oh, there were words– but even the most casual observer of the campaign has heard most of them before. Yet when it comes to economic policy,  I learned almost nothing new about how either Romney or Obama would govern over the next […]

Will Romney Scale Back Rate Cuts If Congress Won’t Curb Tax Breaks?

Yesterday, Kevin Hassett, an American Enterprise Institute economist and informal adviser to Mitt Romney, insisted that Romney would not raise taxes on low- and middle-income households in order to finance his promised 20 percent across-the-board rate cut. Nor would those rate cuts increase the deficit. Instead, Kevin predicted that if Congress did not trim tax […]

What Mitt Romney Didn’t Learn from Ronald Reagan

If only Mitt Romney had paid attention to Ronald Reagan. There are so many things the former Massachusetts governor could learn from the former California governor’s presidential campaigns. But I have in mind only one lesson not learned—how Reagan ran on tax reform in 1984. Reagan only cautiously embraced the idea of rewriting the tax […]