Tag: ‘budget’

Dynamic Scoring Forum: Three Things You Should Know About Dynamic Scoring

By :: February 27th, 2015

This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major legislation. Here are three things you should know as […]

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Dynamic Scoring Forum: Now We Really Need More Information

By :: February 25th, 2015

This is one of a series of guest TaxVox blog posts discussing dynamic scoring House Ways & Means Committee Chairman Paul Ryan has claimed that the House dynamic scoring rule would generate more information.  But the new rule asks for an official cost estimate that reflects only a single estimate of a bill’s supposed impact […]

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The President’s Capital Gains Proposals: An Opening for Business Tax Reform?

By :: February 6th, 2015

In his budget proposal, President Obama would raise capital gains taxes as a way to finance middle class tax relief. Along with many Republicans, he also supports tax rate cuts for business and efforts to prevent multinational corporations from avoiding U. S. taxation. This raises an intriguing possibility. Why not pay for at least some […]

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Digging Deeper into the President’s “Middle Class Economics” Plan

By :: February 2nd, 2015

An analysis lays a foundation for debate. The TPC has a new paper on the distributional effects of the President’s tax proposals. His tax cuts primarily benefit low-income single workers and families with children. Households with very high incomes and substantial capital assets would pay more. A reaction offers some explanation. TPC’s estimates show that, […]

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Is Dynamic Scoring of Tax Bills Ready For Prime Time?

By :: January 26th, 2015

The House has instructed the Joint Committee on Taxation and the Congressional Budget Office to factor in the macroeconomic effects of tax law changes when calculating the official budget score of revenue bills. But are existing models up to the task of what’s commonly called dynamic scoring? A group of experts assembled today by the […]

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President Obama’s Middle-Class Tax Message in the State of the Union

By :: January 21st, 2015

President Obama’s tax proposals for the middle class were a key element of his State of the Union address. But they represent only relatively modest efforts to create subsidies through the tax code rather than through other departments of government. Looked at broadly, many only tinker around the edges of tax policy and count on […]

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Who Won the Election Again?

By :: November 20th, 2014

Pardon me for being confused. Two weeks ago, voters turned the Senate and several state houses over to Republicans and increased the GOP majority in the House. Now, in a new Wall Street Journal-NBC News poll, (firewall) Americans have firmly embraced—a Democratic agenda. They want more government spending on roads and Ebola, They want to […]

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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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The Day After the 2014 Election: Six Things To Watch In the New GOP Congress

By :: November 5th, 2014

Republicans had a very good day yesterday. But can they translate their ballot-box success into a positive legislative agenda? It won’t be easy but here are six clues: Mitch McConnell: He is a brilliant legislative tactician. We know he’ll use those skills to try to outmaneuver Democratic Leader Harry Reid but will he also use […]

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

By :: October 28th, 2014

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 […]

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