Tag: ‘tax cuts’

No October Surprise, So Far

By :: October 1st, 2015

On the Hill… The Senate and House passed funding bills to keep the government open through December 11, with just the usual minutes to spare. Now that that’s taken care of, the Senate Finance Committee holds a hearing today on improper payments in federal programs. Comptroller General of the United States Gene Dodaro will testify. […]

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Despite Promises, Jeb Bush’s Tax Plan Wouldn’t Eliminate Marriage Penalties

By :: September 16th, 2015

GOP presidential candidate Jeb Bush offered a tax plan last week that he says “eliminates the marriage penalty.” But it may not help many low-income working families. A married couple is penalized if it pays more tax filing a joint return than if each spouse could file individually. Conversely, marriage bonuses occur when marriage lowers […]

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States That Cut Taxes Do So At Their Peril

By :: July 29th, 2015

Ever since the 1970s, when Jude Wanniski and Arthur Laffer came up with the ideas that are now referred to as supply-side economics, conservative politicians have been unable to resist the siren song of tax cuts for big earners. In recent years, this enthusiasm has spread to state governments led by conservatives, offering new tests […]

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Are GOP Presidential Candidates Downplaying Tax Cuts Or Hiding The Ball?

By :: May 19th, 2015

Last week, I blogged on the many GOP presidential candidates who are talking about tax reform rather than tax cuts. This week, tax historian Joe Thorndike published a rebuttal on the Tax Analysts blog and on Forbes.com. Joe, who is very much in the watch-what-they-do-not what-they-say (WWTDNWTS) camp, noted that while few GOP presidential hopefuls […]

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Still On a Road to Nowhere

By :: May 13th, 2015

A short road too often traveled. Federal highway funding is due to expire in about two weeks, and Transportation Secretary Anthony Foxx says a temporary extension—the 33rd in six years—would “prolong a dangerous status quo of funding infrastructure at a level that has left our transportation system gasping for air.” But Congress is almost certain […]

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Is the GOP’s Enthusiasm for Tax Cuts Going the Way of American Idol?

By :: May 12th, 2015

The silence is deafening.  Remarkably, Republicans lining up to run for president aren’t talking about cutting taxes. Tax reform? Sure. Rate cuts? Absolutely. But so far at least, national Republicans seem more willing to tackle same-sex marriage than big Ronald Reagan/George W. Bush-style tax cuts. The latest examples are New Jersey Governor Chris Christie and former neurosurgeon and […]

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Tax Cuts are Big in Texas, but Not for Low-Income Residents

By :: May 6th, 2015

Texas is cutting taxes this year. Although we do not yet know exactly what will get cut because the House and Senate are sorting out competing bills, we already know the outcome: Better-off Texans will get more tax relief dollars than low-income residents of the Lone Star State. Why? Because Texas does not have an […]

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Tax Cuts for Low- and Moderate Income Households May Be Much More Powerful Than Cuts for the Rich

By :: April 21st, 2015

It turns out that tax cuts for the job creators…don’t create very many jobs. By contrast, tax cuts for low- and moderate-income households can boost economic growth. Those are the results of an interesting new working paper by Owen Zidar for the National Bureau of Economic Research. Zidar, an assistant economics professor at the University […]

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Dynamic Scoring Forum: Three Things You Should Know About Dynamic Scoring

By :: February 27th, 2015

This is one of a series of guest TaxVox blog posts discussing dynamic scoring. The House recently changed the rules of budget scoring: The Congressional Budget Office and the Joint Committee on Taxation will now account for macroeconomic effects when estimating the budget impacts of major legislation. Here are three things you should know as […]

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The Internet, Drug Profits, and Sacrifice

By :: February 27th, 2015

The neutrality of the net: Set. Tax effects? Unclear. That’s the conclusion of Politifact after the Federal Communications Commission approved controversial regulations that will treat the Internet like a public utility. The fact checkers examined the question after GOP Senator Mike Lee claimed that net neutrality was a “massive tax increase on the middle class” […]

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