Tag: ‘Dave Camp’

Raising Taxes to Fuel, Fly, and… Drink?

By :: March 13th, 2015

Have taxes, will travel. The American Road & Transportation Builders Association wants Congress to raise the federal gas tax by 15 cents a gallon to generate $401 billion in new transportation funding. Money for the Highway Trust Fund dries up in May. The group suggests the tax be offset with a federal tax rebate for middle […]

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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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House GOP Leadership Would Require Dynamic Scoring of Some Tax Bills. Will It Matter?

By :: December 24th, 2014

Last night, the House Republican leadership proposed new rules that would require the Joint Committee on Taxation and the Congressional Budget Office to incorporate macroeconomic effects of “major” legislation into their official budget estimates. But there may be less to these new rules for so-called “dynamic scoring” than meets the eye. The GOP did not […]

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The Tax Vox Lump of Coal Awards: The 10 Worst Tax Ideas of 2014

By :: December 23rd, 2014

It’s time for the annual Tax Vox Lump of Coal Awards for the worst tax policy of 2014. The past 12 months were a banner year for bad ideas and their perpetrators. The Top 10 are: Frank Underwood & Elvis. Tax subsidies for economic development hardly ever pay for themselves. But two are worthy of […]

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Tax Policy in 2014: Two Developments That May Set The Table For the Future

By :: December 22nd, 2014

At first glance, 2014 seemed like a tax policy wasteland, but two developments may have set the stage for important future initiatives.  A wave of tax-driven corporate inversions showed one reason why tax reform is necessary.  A detailed plan by House Ways & Means Committee chairman Dave Camp (R-MI) showed how tax reform could be […]

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Magical Thinking on Tax Reform

By :: December 18th, 2014

Everybody loves the idea of tax reform. And tax reform can be very good policy. But advocates often turn to magical thinking about how good tax reform can be, and a recent column by George Will offers two examples of this problem. First, Will writes that “if America’s long-term economic growth [rate] were 3.5 percent, […]

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Everybody’s Working for the Weekend

By :: December 12th, 2014

No shutdown, so far. Democrats hated it because of riders weakening Dodd-Frank financial protections and allowing fat-cats to triple their donations to political parties. Republicans hated it because it didn’t stop President Obama from liberalizing immigration laws. But, in the end, the House agreed to fund most of the government through next September, though it […]

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Tax Deals: Will Everything Old Be New Again?

By :: December 1st, 2014

Dave Camp on tax reform: “It can be done.” Retiring House Ways & Means Chair Dave Camp remains optimistic. The Hill reports that a deal to extend expiring tax breaks could give Camp’s successor, Paul Ryan, a chance to secure broad GOP support for a tax reform plan. About that tax extender deal… The White […]

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Reforming Corporate Taxation

By :: November 24th, 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. The U.S. corporate tax system is broken. The current method of taxing the profits of large, publicly traded corporations was designed for an economy […]

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New Chairs, New Resistance, and Maybe, New Taxes

By :: November 20th, 2014

As expected: Paul Ryan will succeed Dave Camp as House Ways & Means Chair. Representative Kevin Brady removed himself from consideration earlier this week, though he had more committee seniority. The full House GOP conference approved its  Steering Committee’s chairmanship recommendations, including Jason Chaffetz  to replace Darrell Issa on the Oversight and Government Reform panel […]

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