Tag: ‘Paul Ryan’

Revenues and Rate Hikes: What’s an Elected Official to Do?

By :: April 22nd, 2015

There’s a revenue surge in California. The state is exceeding its 2013 tax collections and beating 2014 forecasts. The Franchise Tax Board netted $7.6 billion in personal income taxes between April 1 and this past Monday. It collected $6 billion during the same period in 2014. The state’s school funding formula will direct nearly all […]

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Tax Ideas, A “Fix,” Limits and Honors

By :: April 14th, 2015

Paul Ryan and Orrin Hatch want businesses to share ideas on tax treatment of “pass-throughs.” As owners of pass-through businesses such as partnerships and sole proprietorships, millions of business owners pay their firms’ income taxes through the individual code. Both the GOP and the White House say they’d cut the 35 percent corporate rate, but […]

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On Tiny Steps, King Edward, and Hidden Assets

By :: March 4th, 2015

Tax reform: Go big or go home, or at least, not very far. TPC’s Len Burman says that senators Marco Rubio’s and Mike Lee’s proposal to eliminate the tax on capital gains would do more harm than good. The senators argue that it’s a step toward a consumption tax. But Len thinks some small steps […]

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Tax Fun in the Summertime?

By :: February 16th, 2015

Congress is in recess this week. The Daily Deduction will resume its regular schedule on Monday, February 23.  Tax reform’s narrow window, according to House Ways and Means Chair Ryan. “I just think knowing the way the budget process works on tax reform that if we haven’t done it in 2015, which is effectively through […]

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Taxed Reactions and Revenue Rules

By :: February 4th, 2015

House GOP on the President’s tax proposals: “Meh.” House Ways and Means Chair Paul Ryan told Treasury Secretary Jack Lew yesterday that “You have gradually, grudgingly taken a few steps in my opinion in the right direction… It’s progress… Not a lot. But we’ll take it.” Ryan and his colleagues wanted the President to do […]

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Corporate Tax Reform: No Easy Fixes

By :: January 23rd, 2015

Territorial tax systems abroad may not be good models for corporate reform here. A new TPC paper warns against drawing quick and easy conclusions from the territorial tax systems in other developed countries. While Senate Finance Committee Chairman Orrin Hatch and House Ways and Means Committee Chairman Paul Ryan find the idea attractive, the research found […]

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Tax Policy and Politics: More of the Same

By :: January 22nd, 2015

Wait, are Ds and Rs really on the same page? In remarks yesterday, Treasury Secretary Jack Lew expressed optimism for a business tax overhaul, noting a “great deal of overlap” between the White House framework and recent Republican proposals. House Ways and Means Chairman Paul Ryan agreed that there are areas where Democrats and Republicans […]

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Here a Tax Cut, There a Tax Cut

By :: January 13th, 2015

Wisconsin’s Paul Ryan will be House Ways & Means Chair for a while after all. The 2012 GOP Vice-Presidential nominee feels he is “in a position to make a big difference” and wants to remain on the tax-writing panel. Had he run for president in 2016, he would have had to give up his chairmanship—and […]

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All's Fair in Love and Taxes... Or Not.

By :: January 8th, 2015

Et tu, Utah? GOP leaders want to increase the state’s gasoline tax. The state faces an $11 billion budget gap for transportation projects slated through 2040. Its House GOP caucus has endorsed an increase of as much as 10 cents a gallon in the state’s gasoline tax. They’re even willing to tie the tax to […]

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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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