Tag: ‘Congress’

Five Tax Stories To Watch in What Will Be a Wild Fall in Congress and on the Campaign Trail

By :: September 8th, 2015

Congress is back. Fiscal deadlines loom. Presidential candidates have tax plans to propose. It isn’t clear how much lawmakers will accomplish in the next four months, but it will be a busy and interesting fall. Here are five stories to watch: International Tax Reform: House Republicans insist they want to try to rewrite the tax […]

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How Will Congress Fund Roads and Transit?

By :: July 7th, 2015

In 24 days, federal spending authority under the highway trust fund comes to an end. Without legislation to keep the program going and money to finance it, road projects will slow in the midst of high construction season. And where are Congress and the White House on this perennial issue? Nowhere. In late June, after […]

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While Washington’s Efforts to Fund Roads Go Nowhere, Red States Are Raising Gas Taxes

By :: June 11th, 2015

In about six weeks, federal money to keep the Highway Trust Fund going will once again dry up and Congress will begin its predictable scramble to keep cash flowing to roads, bridges, and transit projects. The reason for the gridlock: Neither Congress nor President Obama is willing to back a gas tax sufficient to fund the program, and […]

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Obama-Era Tax Reform: RIP

By :: June 8th, 2015

If you still thought there was any chance Congress would pass tax reform before the next election, you can officially abandon hope. In an online interview published Sunday on Morning Consult, Senate Majority Leader Mitch McConnell (R-KY) hammered the last nail in the coffin. Asked about his priorities for the rest of the year, McConnell replied, “We’re […]

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Congress Has Not Passed A 2016 Budget. It Has Only Begun The Process.

By :: May 7th, 2015

Headline in this morning’s Washington Post:  “In a Slog Forward, Congress Passes Budget.” I’ll leave it to others to parse what a slog forward is, but rest assured Congress has not passed a budget. Congressional Republicans, with no support from Democrats, have approved a budget resolution. But that document is merely a non-binding fiscal framework, […]

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Is a Consumption Tax Talk Making a Comeback?

By :: March 31st, 2015

Maybe it’s just because Congress is on spring break and tax wonks don’t have much to talk about, but suddenly the idea of a consumption tax is getting a new look. The tax plan proposed earlier this month by senators Mike Lee (R-UT) and Marco Rubio (R-FL) is one form of the levy. And tax […]

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The Medicare “Doc Fix” That Isn’t

By :: March 26th, 2015

As you listen to House Democrats and Republicans sing kumbaya  over their bipartisan agreement to fix the Medicare physician payment system, keep one thing in mind: The doc fix doesn’t fix much, and what it does repair likely will add hundreds of billions of dollars to the debt in coming years. The bill would accomplish one […]

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Dynamic Scoring Forum: Inside the Black Box

By :: March 17th, 2015

This is one of a series of TaxVox guest blogs discussing dynamic scoring. Whether dynamic scoring for official revenue estimates is a good or bad idea, it is now a part of scoring rules in the House. As a result, it is more compelling than ever to understand the forces that determine economic effects. Previous […]

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Dynamic Scoring Forum: Overblown Concerns?

By :: March 12th, 2015

This is one of a series of TaxVox guest blogs discussing dynamic scoring. Macroeconomic scoring, aka dynamic scoring, has been debated for years. For the 114th Congress, the House has adopted a rule to institute the procedure for major bills. But what would dynamic scoring really mean in practice? Why would changing to dynamic scoring […]

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Dynamic Scoring Forum: The Dangers of Dynamic Scoring

By :: March 6th, 2015

This is one of a series of TaxVox guest blogs discussing dynamic scoring. One of the strengths of the US budgeting system is that proposals are held accountable through a relatively open process of scoring the costs and benefits.  This process, as run by the Congressional Budget Office and others, looks carefully at the impact […]

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