Tag: ‘Donald Marron’

What’s Up With the No Climate Tax Pledge?

By :: June 2nd, 2015

Do you know about the No Climate Tax pledge? I didn’t until I read a column over the weekend by the Washington Post’s always-interesting Catherine Rampell. The vow is sponsored by Americans for Prosperity, a conservative political advocacy group closely associated with the Koch brothers. And it was something of a big deal a couple […]

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Could a Carbon Tax Finance Corporate Rate Cuts?

By :: April 23rd, 2015

How about using revenue from a carbon tax to help pay for corporate tax rate cuts? That’s the idea proposed yesterday by Rep. John Delaney (D-MD). His political calculation: Democrats would back the bill as a way to reduce carbon emissions and slow climate change. Republicans would support the plan to cut corporate tax rates […]

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Tax Subsidies May Not Help Start-Ups as Much as Lawmakers Think

By :: February 9th, 2015

Many tax subsidies help new businesses, especially those financed with borrowed money and organized to avoid the corporate income tax . However, large numbers of start-ups may not benefit from this largess, according to a new study by my Tax Policy Center colleagues Joe Rosenberg and Donald Marron. Startups   and those that lose money in […]

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Could EPA’s New Greenhouse Gas Rules Open the Door to a State-based Carbon Tax?

By :: June 2nd, 2014

EPA’s proposed tough new standards for power-plant emissions of greenhouse gasses opens the door to new state or regional cap-and-trade systems to limit carbon discharges. It is less clear whether it would go the next step and permit states to impose their own carbon tax. The proposed EPA rules, which Brookings senior fellow Barry Rabe […]

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Corporations, Local Revenues, Tough Love, and Carbon

By :: May 28th, 2014

The House Ways and Means Committee marks up a bill restoring more expired tax breaks tomorrow. On the table: a measure making bonus depreciation for business investment permanent and reforming the tax treatment of some charitable giving.  Bloomberg reports that the tax panel will consider whether to permanently allow corporations to write off capital investments […]

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Turning Carbon Tax Theory Into Reality

By :: May 27th, 2014

A carbon tax has great appeal. It could reduce the risk of climate change by building emissions costs into market prices, thus discouraging the use of carbon-based fuels. And it would make a lot of revenue available for a broad range of purposes including reducing other taxes, new spending, or cutting the deficit. A nice […]

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Seven Tax Issues Facing Small Business

By :: April 9th, 2014

Today I had the chance to testify before the House Small Business Committee on the many tax issues facing small business. Here are my opening remarks. You can find my full testimony here. America’s tax system is needlessly complex, economically harmful, and often unfair. Despite recent revenue gains, it likely will not raise enough money […]

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The U.S.May Not Default on Friday But Washington Is Still Playing A Dangerous Game

By :: October 15th, 2013

What’s going to happen on October 18 if Congress doesn’t vote to increase the debt limit? Probably nothing. Make no mistake, Washington is still wading in exceedingly treacherous waters as the President and Congress wrestle over a deal to avoid–at least for now—a breach of the nation’s borrowing authority. The government risks financial calamity if […]

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It is Never Good When the U.S. Treasury Gets Compared to Brazil

By :: October 8th, 2013

The other day, I was talking to a guy who closely watches Washington for big foreign investors. Like most of us, his clients are struggling to understand the debate over the fate of the debt limit. He told me about one investor who asked whether it would be considered a default if Treasury made its […]

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The Costs of Debt Limit Brinksmanship

By :: September 18th, 2013

Today I had the chance to testify before the Joint Economic Committee about a perennial challenge, the looming debt limit. Here are my opening remarks. You can find my full testimony here. I’d like to make six points about the debt limit today. First, Congress must increase the debt limit. Failure to do so will […]

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