Tag: ‘tax reform’

Clinton and Sanders Face Off Over Who Should Pay for New Social Programs

By :: January 13th, 2016

Hillary Clinton and Bernie Sanders both want to create ambitious new government programs to help middle-income families with medical and education costs and family leave. Both say they’d pay for those initiatives by raising taxes. But there is an important difference between them: Clinton would finance her ideas by boosting taxes only on high-income households […]

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What Can Congress and President Obama Accomplish in 2016?

By :: January 4th, 2016

Can Congress and President Obama, who have battled over policy for seven years, reach consensus over key tax and other issues in the months leading up to the 2016 election? To ask the question is practically to answer it, but it is worth taking a closer look at the policy dynamics. Start by building a […]

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Trump Would Slash Taxes for the Top 0.1 Percent By An Average of $1.3 Million, Add Nearly $10 Trillion to the Debt

By :: December 22nd, 2015

Donald Trump’s tax plan would add $9.5 trillion to the national debt from 2016 to 2026 and another $15 trillion in the following decade (before added interest), according to a new analysis by the Tax Policy Center. Nearly all households would get a tax cut under the plan, averaging about $5,100 in 2017. However, the […]

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The Hidden Agenda Behind This Year’s Tax Extender Bill

By :: December 16th, 2015

While Republican presidential hopefuls were debating in Las Vegas, congressional leaders announced they had agreed to restore and extend dozens of special interest tax cuts—many permanently. And those GOP candidates for the White House? They’ve promised to repeal nearly all of the tax breaks congressional leaders worked so hard to restore. What is going on […]

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Why You Should Pay Attention to the Presidential Candidates’ Tax Proposals

By :: December 15th, 2015

The presidential election is nearly a year away, but many candidates have already rolled out detailed tax reform plans. On the GOP side, we’ve seen proposals from Jeb Bush (the subject of a rigorous Tax Policy Center analysis ), Marco Rubio, Ted Cruz, and Donald Trump, among others. Among Democrats, Hillary Clinton and Bernie Sanders […]

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The GOP Debate: Squabbles Over Refundable Credits, Deductions, and Conservatisim

By :: November 11th, 2015

Last night’s GOP presidential debates (here’s a transcript of the main event) highlighted some important tax policy contrasts among the candidates. One thought refundable credits are conservative economic policy while another did not.  Nearly all would preserve deductions for mortgage interest and charitable gifts but one would ditch them. One worried about what his rivals’ […]

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Tax Reform Is Possible, But It Won’t be Easy

By :: November 4th, 2015

At a Tax Policy Center conference on tax reform yesterday, Jason Furman, the chair of the President’s Council of Economic Advisors, said that a major rewrite of the tax code would make little progress until Congress breaks the current impasse over the  treatment of pass-throughs– firms such as partnerships and S corporations whose owners pay […]

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Bipartisan tax reform is possible: Lessons learned from President Bush’s reform panel

By :: November 2nd, 2015

It is presidential primary season and once again the tax code is a punching bag for politicians on both sides of the aisle. Listen to their rhetoric and it’s easy to conclude that the tax policy differences in today’s hyperpartisan political environment are so great that reform is doomed. But it doesn’t have to be […]

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Would Speaker Ryan Boost the Chances for Tax Reform? Not Until 2018

By :: October 29th, 2015

Paul Ryan has been an enthusiastic supporter of tax reform for years. Will his elevation to House Speaker make reform more likely? Perhaps, but not any time soon. Reform efforts got two big boosts this week. The first was the GOPs decision to choose Ryan to lead the House. The second was outgoing Speaker John […]

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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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