Tag: ‘Tax Policy Center’

Trump Proposes a Huge Tax Cut

By :: September 28th, 2015

Donald Trump, who likes superlatives, has weighed in with his version of a standard cut-the-rates, broaden-the-base tax reform. And like many other GOP tax rewrite proposals, this one appears to be an enormous tax cut skewed largely in favor of high-income households. While Trump claims the plan would pay for itself after three years, he […]

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Most State Budgets Are Improving But Their Long-Term Prospects Remain Uncertain

By :: September 17th, 2015

If you are not an energy dependent state, things ought to be pretty good, at least in the short-term. The economy is improving, though slowly, The Rockefeller Institute reported this morning that state tax revenues grew by 5.8 percent in the first quarter of this year and by 7.6 percent in the second quarter. But […]

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The Cost of the Bush Tax Cuts, and What It Might Mean

By :: September 10th, 2015

While GOP presidential hopeful Jeb Bush has been reluctant to describe his tax plan as a tax cut, economists close to him have not. And newly-released cost estimates of his tax reform plan– and their consequences–are worth considering.  The very short version: His plan would add at least a trillion dollars to the national debt […]

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Jeb Bush’s Tax Plan: High Marks for Transparency But Key Questions Remain

By :: September 9th, 2015

At first glance, GOP presidential hopeful Jeb Bush’s tax reform plan is a standard lower-the-rates, broaden-the-base overhaul of the revenue code. But a closer look shows a something-for-everyone stew filled with interesting ingredients—most basic GOP fare but seasoned with a few surprising ideas. Bush, like fellow Floridian Marco Rubio, gets credit for putting out a […]

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Why Individual Tax Revenues Will Grow Even If Congress Doesn’t Raise Taxes

By :: September 3rd, 2015

The other day, I wrote about new Congressional Budget Office estimates that individual income tax revenues are likely to grow significantly over the next decade. A new paper by my Tax Policy Center colleagues Jim Nunns and Jeff Rohaly shows the importance of this trend through the rest of the century and explains in valuable […]

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Could a Carbon Tax Prevent The Catastrophic Consequences of Climate Change That Obama Fears?

By :: September 1st, 2015

In recent days, President Obama has painted the risks of climate change in apocalyptic terms.  Speaking in Anchorage, AK on Monday, Obama warned that without quick action to slow or reverse global warming, “entire nations will find themselves under severe, severe problems: More drought. More floods. Rising sea levels. Greater migration. More refugees. More scarcity. […]

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How Did the Gas Tax Lose Its Mojo, Even Among Conservatives?

By :: July 27th, 2015

With just a few days left before federal funding for highway programs expires, the Senate is debating all sorts of amendments to an extension– from export subsidies to the Affordable Care Act. But there is one subject it will not debate—the gas tax. Except for a handful of lawmakers, nobody in Congress or the White House […]

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Who Benefits Most From Repealing the ACA Cadillac Tax?

By :: July 23rd, 2015

Republicans and some Democrats in Congress are pressing to repeal the Affordable Care Act’s Cadillac tax—a 40 percent excise tax on high-cost employer-sponsored health insurance plans. Backers of repeal argue that curbs on these generous plans would disproportionately hurt low- and middle-income workers. But a new Tax Policy Center analysis shows that story is overstated. In […]

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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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Rand Paul’s Tax Cut Isn't Quite What It Seems

By :: June 18th, 2015

Unlike those GOP presidential hopefuls who say their tax reforms would raise the same amount of money as the current tax code, even when their actual proposals would not, Senator Rand Paul isn’t being shy. He’s promising a great big fat tax cut (described in this Wall Street Journal  column). And more than that, he’s […]

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