Posts Tagged ‘Barack Obama’

Will Obama’s Executive Action on Immigration Kill Tax Reform? Hint: You Can’t Kill Something That’s Already Dead

The latest narrative making the rounds in Washington is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants though an executive order. House Speaker John Boehner (R-OH) and others claim that this step will so poison the well of trust between Democrats and Republicans that […]

Is There Any Chance Congress Will Pass Business Tax Reform Next Year?

In the run-up to next week’s congressional elections, Republicans are saying that if they win control of the Senate, they will try to pass business tax reform as part of an ambitious “we can get things done” agenda. Is there any possibility that a GOP-controlled Congress could rewrite the business provisions of the tax code? The chances […]

Pass-Through Firms Report $800 Billion in Net Income, Can’t Be Ignored in Business Tax Reform

Washington is going through another one of its periodic calls for business tax reform. But new research by my Tax Policy Center colleague Joe Rosenberg shows just how hard it is to separate business taxation from the individual tax code. And it should serve as a warning to those who think Congress can enact corporate tax […]

CBO’s Spending Projections Map the Coming Fiscal Battle

Without changes in the law, health care, Social Security, and interest on the debt will eat up 85 percent of all new federal government spending over the next 10 years, according to the latest estimates by the Congressional Budget Office. By contrast, CBO expects most of the rest of government, including income security for low-income […]

Are Tax Inversions Really Unpatriotic?

President Obama and many congressional Democrats argue that U.S.-based multinational firms are being unpatriotic by moving their corporate addresses overseas in order to reduce their taxes. Obama even implied they are “corporate deserters.” These are powerful, emotionally-charged allegations. But are they fair? Is it unpatriotic to maximize tax savings? After all, companies and individuals do […]

The Bring Jobs Home Act Won’t

The Bring Jobs Home Act is a classic message bill. Its Democratic sponsors have no interest in making it law, they merely see it as a way to boost the party’s Senate candidates in part by forcing Republicans to vote against something that sounds like a good idea. After all, who could be against bringing […]

The Great Tax Inversion Death Spiral

Congress and corporate America are in a dangerous and mutually destructive race: The more lawmakers threaten to ban the practice of inversions—where U.S. based multinationals merge with foreign firms to lower their tax bill– the more firms race to complete the deals while they can. The more deals, the more pressure on Congress to ban them. […]

Want to Do Something About Greenhouse Gas? Try a Carbon Tax

This morning, the White House released a massive report on the effects of climate change. In sum: The problem is already bad, it is going to get worse, and we need to address it quickly. The science of greenhouse gas emissions and climate change may be clear (though, of course, always evolving). But the policy […]

Fiscal Reality Check: Will Congress Pay for the Tax Extenders and the Doc Fix?

After it returns from Spring Break next week, Congress may face two big fiscal reality checks. It will have to decide whether to temporarily extend scores of expiring tax provisions and what to do about permanently adjusting the formula Medicare uses to pay physicians (the “doc fix”). Combined, these two measures would add about $65 billion to the […]

A Tale of Three Agendas: Obama, Camp, and Ryan

Over the past week, three senior Washington lawmakers released foundational documents that describe both their agendas and their perspectives on government. On one level, they paint vastly different pictures. Yet, a close reading also pinpoints some surprising and important areas of agreement—more perhaps than the players would publicly admit. President Obama’s fiscal year 2015 budget […]