Tag: ‘individual taxes’

The White House Quietly Rolls Out Its Last Tax and Budget Plan

By :: February 9th, 2016

If the White House wanted to attract attention to its final budget, it could not have picked a worse day to make it public. With official Washington obsessed with today’s New Hampshire primary, the 2017 budget barely caused a ripple. In case there was any question about its fate on Capitol Hill, congressional Republicans had […]

Read More

Bernie Sanders Is Proposing Really Big Tax Increases

By :: January 19th, 2016

It is hard to grasp the enormity of the tax increases Bernie Sanders is proposing, how far out-of-step he is with recent economic history in the U.S., and what a stunning contrast he presents with Republican presidential hopefuls. Where Sanders backs tax increases of more than $1 trillion a year aimed mostly at high income […]

Read More

Clinton and Sanders Face Off Over Who Should Pay for New Social Programs

By :: January 13th, 2016

Hillary Clinton and Bernie Sanders both want to create ambitious new government programs to help middle-income families with medical and education costs and family leave. Both say they’d pay for those initiatives by raising taxes. But there is an important difference between them: Clinton would finance her ideas by boosting taxes only on high-income households […]

Read More

If Banning Negligent Low-Income Households From Taking Tax Credits Is Such a Great Idea, Why Stop With Them?

By :: January 7th, 2016

Congress has banned more low-income families who file erroneous tax returns from receiving refundable credits. If lawmakers think this is such a terrific idea, why stop at low-income households? For instance, why shouldn’t Congress bar trade associations from claiming tax-exempt status if they file improper reports to the IRS? Or prohibit hedge fund managers from enjoying preferential […]

Read More

What Can Congress and President Obama Accomplish in 2016?

By :: January 4th, 2016

Can Congress and President Obama, who have battled over policy for seven years, reach consensus over key tax and other issues in the months leading up to the 2016 election? To ask the question is practically to answer it, but it is worth taking a closer look at the policy dynamics. Start by building a […]

Read More

The TaxVox Lump of Coal Awards for the Ten Worst Tax Ideas of 2015

By :: December 21st, 2015

It is time for TaxVox’s annual Lump of Coal awards for the worst tax ideas (or most depressing tax stories) of 2015. As always, choosing the Top 10 was not easy, but here they are: 10. The Michigan House. Lawmakers tried to pay for new transportation projects by eliminating the state’s earned income tax credit. […]

Read More

Jeb Bush’s Tax Plan: High Marks for Transparency But Key Questions Remain

By :: September 9th, 2015

At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas. Bush, like fellow Floridian Marco Rubio, gets credit for putting out a […]

Read More

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 […]

Read More

Why Individual Tax Revenues Will Grow Even If Congress Doesn’t Raise Taxes

By :: September 3rd, 2015

The other day, I wrote about new Congressional Budget Office estimates that individual income tax revenues are likely to grow significantly over the next decade. A new paper by my Tax Policy Center colleagues Jim Nunns and Jeff Rohaly shows the importance of this trend through the rest of the century and explains in valuable […]

Read More

Who Benefits Most From Repealing the ACA Cadillac Tax?

By :: July 23rd, 2015

Republicans and some Democrats in Congress are pressing to repeal the Affordable Care Act’s Cadillac tax—a 40 percent excise tax on high-cost employer-sponsored health insurance plans. Backers of repeal argue that curbs on these generous plans would disproportionately hurt low- and middle-income workers. But a new Tax Policy Center analysis shows that story is overstated. In […]

Read More