Tag: ‘John Boehner’

Will Obama’s Executive Action on Immigration Kill Tax Reform? Hint: You Can’t Kill Something That’s Already Dead

By :: November 18th, 2014

The latest narrative making the rounds in Washington is that President Obama will kill prospects for tax reform in 2015 if he grants legal status to undocumented immigrants though an executive order. House Speaker John Boehner (R-OH) and others claim that this step will so poison the well of trust between Democrats and Republicans that […]

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Pressure, Power, and a New View on Cuts

By :: September 29th, 2014

Congress is in recess through the mid-term elections. Read the Daily Deduction each Monday until then.  Apple’s new products might not bend, but its tax deals are under some pressure. Later today, the European Union’s European Commission is expected to release its opening decision on Apple’s 1991 and 2007 deals with the Irish government: They […]

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Is Obamacare the GOP’s White Whale?

By :: September 17th, 2013

 “The White Whale swam before him as the monomaniac incarnation of all those malicious agencies which some deep men feel eating in them…All that most maddens and torments; all that stirs up in the lee of things;…all that cracks the sinews and cakes the brain; all evil…visibly personified …and made practically assailable in Moby Dick” […]

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A Budget Deal is Staring Them in the Face, But Here’s Why Lawmakers Won’t Compromise in 2013

By :: January 15th, 2013

There is an obvious solution to Washington’s perpetual budget crisis. But it is unlikely to happen because all the incentives—both political and economic—are completely wrong. First, the solution: The core of a deal was framed last December, when President Obama and House Speaker John Boehner were on the verge of a long-term fiscal agreement that would have cut […]

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Should Working Class Families Pay Higher Tax so High Income People Can Pay Less?

By :: December 20th, 2012

Somehow, the fiscal cliff tax debate has taken a truly weird turn. No, not the politics, which long ago became a parody of Washington deal-making at its worst. It is the policy that has gotten strange: Democrats and Republicans seem hell-bent on protecting millions of high-income people from deficit-cutting tax hikes. President Obama started all […]

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What Adjusting the Price Index Would Mean for Taxpayers

By :: December 18th, 2012

President Obama and House Speaker John Boehner may be close to agreeing on a plan that, among other things, would revise the way government programs are adjusted for inflation. Most attention is focused on what this means for Social Security recipients. But the Tax Policy Center estimates that changing the cost-of-living measure would also result […]

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Congress Can’t Avoid Tax Rate Hikes By Closing “Loopholes”

By :: November 13th, 2012

You can tell when Congress and the President have tough choices to make. That’s when they trot out the euphemisms—all aimed at making what they are about to do sound as benign as possible.  Case in point: the impending fiscal cliff. If you listened to President Obama and House Speaker John Boehner’s radio addresses last Saturday, […]

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Washington Starts To Dance Away from the Fiscal Cliff

By :: November 9th, 2012

So the dance begins. President Obama, House Speaker John Boehner (R-OH), and various other lawmakers are starting to lay down their markers as they look to back away from the fiscal cliff. Based on their public words, at least, the parties remain far apart. Yet there are signs that both sides are looking for a deal. […]

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A Two-Month Payroll Tax Cut is Dumb, So Is How Congress Got There

By :: December 20th, 2011

House Republicans are right about one thing at least: Extending this year’s payroll tax cut for two months is ridiculous. The trouble is they are largely to blame for the very policy they are criticizing. Congress got itself in this mess because a few dozen self-styled tea partiers have refused since last summer to helo build a […]

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Five Reasons Why the Deficit Super Committee Failed

By :: November 21st, 2011

To the surprise of few, Congress’ super committee is on the brink of failure–unable to agree on $1.2 trillion in budget savings as required by last summer’s debt limit deal. But the panel was doomed from the start. Here are five reasons why: The parties could not bridge their theological differences. Mainstream Democrats believe government should play an important role in the […]

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