Tag: ‘consumption tax’

Bipartisan or Partisan: Tax Efforts Abound

By :: April 17th, 2015

There’s a bipartisan House effort to double the federal gas tax. It would raise the 18.4 cents-per-gallon tax to about 30 cents, would be inflation adjusted, and would rise again in three years if Congress does not find another way to pay for federal transportation projects. The bill’s sponsors—mostly back-benchers—say it would raise $27.5 billion. […]

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Rubio Tries to Triangulate Tax Policy

By :: April 16th, 2015

Newly declared GOP presidential hopeful Senator Marco Rubio is trying something truly (Bill) Clintonesque—navigating between the demands of his party’s base and a more centrist, forward-looking political agenda. Nowhere is it more obvious than in tax policy. And nowhere is the road ahead more risky for his presidential ambitions. In March, Rubio and fellow senator […]

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It’s Spring Break, and “Everything’s Coming Up Taxes…” (No Daffodils)

By :: April 6th, 2015

Congress is in recess and the Daily Deduction will post Mondays until it reconvenes. We’ll be back to our regular schedule on April 13.  Taxpayers: How are IRS budget cuts affecting you? You can find out on Wednesday from IRS Commissioner John Koskinen at a TPC event at the Brookings Institution. Koskinen will discuss how […]

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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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No Congressional Approval of a Spending Deal Yet, But Plenty of Commotion

By :: December 11th, 2014

In the spending bill, inversion curbs could be curbed. The bill to fund the government through September 2015, scheduled for a House vote today and a Senate vote after that, waters down Democratic-supported curbs on corporate inversions. The Ds would have barred companies that move their tax addresses outside the country from getting US government […]

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Can the Income Tax Fund the Government We Want?

By :: February 5th, 2013

Can the income tax fund the government we seem to want? Probably not. Will lawmakers create a revenue system that will? Not anytime soon. That was the consensus of four tax policy experts at an Urban Institute panel I moderated this afternoon. The panelists–historian Joe Thorndike, Urban Institute economist and tax reform veteran Gene Steuerle, […]

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What a Value-Added Tax Would Mean for the Tax Code—and the Economy

By :: January 31st, 2012

A well-designed Value-Added Tax could simplify the tax code for most households and finance significant reductions in corporate and individual income tax rates without adding to the budget deficit. And it could be a key piece of a revenue system that is both progressive and less intrusive in economic decisions than today’s law. That’s the […]

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