Tag: ‘rate cuts’

Who Benefits the Most from an Across-the-Board Cut in Individual Tax Rates?

By :: July 2nd, 2015

Just about every tax reform plan calls for cutting individual tax rates. But it turns out that a one percentage point across-the-board rate cut would benefit only about six out of 10 households. The biggest beneficiaries:  those with the highest incomes. According to a new Tax Policy Center analysis, such a rate cut would add […]

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What Did We Learn from the Presidential Debate? Not Much.

By :: October 4th, 2012

The breathlessly-hyped debate between President Obama and Governor Romney left me with an empty feeling. There were many words–oh, there were words– but even the most casual observer of the campaign has heard most of them before. Yet when it comes to economic policy,  I learned almost nothing new about how either Romney or Obama would govern over the next […]

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How Washington Can Turn a Tax Increase into a Tax Cut by Leaping Off the Fiscal Cliff

By :: July 17th, 2012

In the strange alchemy of Washington, Congress can magically turn a tax increase into a tax cut.  And to make it happen, all it has to do is…nothing.      Yesterday, Senator Patty Murray (D-WA) told an audience at the Brookings Institution that she would prefer to let the government tumble over the fiscal cliff at […]

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Trimming Tax Breaks to Cut Rates is a Lot Harder Than It Looks

By :: July 10th, 2012

It won’t be impossible for pay for substantial individual tax rate reductions by cutting tax expenditures. But it will be very, very hard. The challenges are political, administrative, economic, and, in a key way, mathematical. While “broadening the base and lowering the rates” is a goal often advanced by politicians and economists, a new study […]

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