Tag: ‘Affordable Care Act’

Spending Caps? What Spending Caps?

By :: January 30th, 2015

Up next week: The President’s Budget. President Obama will release his budget  for fiscal year 2016 on Monday. The plan would increase spending above the sequester limits of  the Budget Control Act of 2011. Steep cuts were triggered in 2013 when Congress failed to reach a budget deal, but were then temporarily suspended thanks to […]

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“Money Is Like Manure… Not Worth a Thing Unless It’s Spread Around.”

By :: January 29th, 2015

TPC shows how President Obama would redistribute income from the rich to the poor. The President will release his budget next week, and with it, a tax plan analyzed by the Tax Policy Center. TPC’s Howard Gleckman explains that under the plan, after- tax income would increase by about $175 in 2016 for households making […]

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Who Deserves a [Tax] Break Today?

By :: January 27th, 2015

Is dynamic scoring ready for prime time? At a TPC-Hutchins Center program yesterday, backers and critics debated whether congressional scorekeepers should include  macroeconomic effects of tax changes when doing a budget score. They disagreed, of course, but did agree that if the tool is used, it ought to be limited to a few big bills […]

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Taxes: To Be Considered, Rejected, or Collected

By :: January 9th, 2015

The White House plans to release its budget on February 2. It would be the first time since 2010 that the Administration would meet  the deadline for the roll-out. The Hill reports that the OMB hopes such timeliness will restore some discipline to an old and broken-down process. Broken down perhaps, but not without a […]

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Nine Tax Stories to Watch in 2015

By :: January 6th, 2015

So much has changed. Yet, when it comes to taxes, so much has not. Republicans have taken control of Congress and now hold governorships in 31 states. The U.S. economy is finally on solid ground. And presidential hopefuls are gearing up for the 2016 election. But for all that, the top tax stories of 2015 […]

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Taxes, Charitable Gifts, the ACA, and Ineffective Deadlines

By :: December 30th, 2014

Scrambling to make a last-minute charitable donation to beat the New Year’s Eve deadline for a 2014 tax deduction? Take a deep breath and ask yourself, “Why am I going through this craziness now?” Why is an activity that is largely (though not entirely) tax-motivated built around the end of the calendar year rather than […]

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How Did Medical Device Makers Become Poster Children for Obamacare Critics

By :: November 13th, 2014

The push to repeal the Affordable Care Act’s tax on medical devices has somehow become a touchstone for GOP efforts to chip away at President Obama’s health care law. But why?  To paraphrase Bogart’s  classic line from Casablanca:  Of all the taxes in all laws in all the world, why did they pick this one? […]

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ACA Tax Provisions Still Under Fire

By :: November 10th, 2014

Together again: The US Supreme Court, the IRS, and the Affordable Care Act. Two years ago, the Court ruled that the ACA health care mandate is a constitutional tax. Now, it has decided to consider whether the IRS has overstepped its authority by providing premium tax credits to enrollees in federally established health insurance exchanges. […]

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Whither the Highway Trust Fund?

By :: July 9th, 2014

Smoothing pensions to fund highways: A bumpy, short road. The House Ways & Means Committee will include “pension smoothing” in a $10.9 billion highway funding bill to be marked up tomorrow. In 2012 lawmakers covered two years of highway and transit funding by allowing employers to delay tax-deductible contributions to employee pension plans, raising companies’ taxable […]

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Good And Bad News About The ACA Penalty Tax

By :: June 12th, 2014

An important feature of the Affordable Care Act (ACA) is the penalty tax imposed on people who do not have health insurance. But newly updated report from the Congressional Budget Office projects that just under 4 million people will pay the penalty in 2016, less than 15 percent of the estimated 30 million people who […]

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