Posts Tagged ‘rate cuts’

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

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 […]

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

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 […]

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

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 […]